Deidre $1.75 would be an absolute joke. From the 2007 concise annual report the following projects/holdings were identified. I would like to throw out a challenge for anyone interested, to come up with their appraisal of the projects in dollar terms. Ball park figures obviously....
How much is .....
Broken Hill (operating) $....
Beltana (operating) $....
NMD/Potosi (P) $....
Reliance (P) $....
Flinders (E) $....
Mt Oxide (E) $....
Dee Range (E) $....
Tampang (E) $....
I'll start the ball rolling by saying A$1billion.
Add the large cash holding and subtract a little bit of debt and PEM should be trading around $5+
But I'm a holder so I'm biased.
Luck
Q
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