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..
PAN Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
(20min delay)