HHR 0.00% 0.7¢ hartshead resources nl

Broker report from Euroz. Dated June 4th but new to the PVD...

  1. 314 Posts.
    Broker report from Euroz. Dated June 4th but new to the PVD site.

    "At the current EV (~$40m) PVD represents an undervalued opportunity. The
    Toubkal prospect with a 31% POS assigned (3rd party) will be one of the largest
    exploration target appraised by any junior ASX listed company"

    The blue sky valuation (unrisked, high case, just $5/barrel) is given at $23.44 (which is about 50x current price)

    It is interesting (to me) that the graph following the valuation section suggests PVD and TPT offer the best undervalued opportunity. Whereas FAR (for those with other African oilers) seems to offer the least of the companies compared.

    http://www.puravidaenergy.com.au/news_pdf/20140604_Euroz_Research_PVD.pdf
 
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