“I suspect we are fairly fully valued now”
Did you miss the numbers/ report? How did you get to PAN being fairly valued?
As covered a number of times, using PON at $19,500 a tonne, PAN should be trading at minimum $0.32 per share (which excludes the premiums WSA, IGO, NIC) are currently trading at considering their actual numbers.
PON is currently at $20,850 a tonne.
If we use current PON and price in the said premiums then we should be trading above $0.50 a share in my opinion.
And you say fairly valued.. Hell no..
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