More relevant would be market cap (not share price), when considering valuation re: resources and location.
PDI $465m market cap
NVA $53m
So they're valued at almost 10x as much.
I don't know the company, but this stands out:
1.66g/t is great if open pit (they show 1.24g/t for their open pit portion. KCN in Thailand profits from like 0.6g/t, open pit. But PDI having Africa risk, which people don't appreciate until the company enters a suspension.
By comparison, RPM has 1.24Moz @ 0.6g/t, and Korbel has 8.65Moz @ 0.3g/t. PDI's 1.66g/t would likely have far stronger/safer margins, if no Africa related expropriation/corruption problems.
General Chat, page-6784
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Last
24.5¢ |
Change
0.020(8.89%) |
Mkt cap ! $52.68M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.5¢ | 21.5¢ | $31.00K | 130.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 19999 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |