The partners in Morocco have agreed that a fair value for the prospect is $4.5m for 1%.
PVD has 23% of the prospect valued at $100m plus upside with success plus **on plus Madagascar plus Cash of $20m. Can we say conservatively $150m.
With A very tight issued Capital base of 130m shares I would see a bottom valuation of $1.10 per share.
The market looks very wrong at under 40 cents.
Cheers all,
Better chance, page-7
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Mkt cap ! $18.25M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 20522112 | 0.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 6616125 | 13 |
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