Well it looks like the PFS release is a little earlier than expected...well done.
If I am correct with the early competitor analysis I expect a NPV at least 3 times .
If PRY has a market cap after announcement of around $22 mil then we should have a comparative cap of over $70 mil ie over $0.75 /share and that's my low estimate
Oh the V price went up last night,so I bet that the directors will elect to use a safty margin on price. I reckon around $12 is reasonable.
The price we return out will depend on how the company presents this to markets and OFFTAKERS.
What also will be important will be the next drill program...there is probably sufficient ore for min 10 years but there is plenty of room again to double the high grade reserve.
TMT has all the funds necessary to do this and more...plenty of option conversion money
GLTA V investors
TMT Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
