Company puts a base case of NPV 285 mill, for 4000tpa. (285 mill is the NPV turn key amount if you were to try and buy the company out,at a position, after all the boxes ticked, and cosntruction complete)
If we apply 25% of that to what the MC ought to be, at this time frame to production, that is = 70 mill today.
The market is undervaluing PRW by 7x on time discount today.
Prw should therefore be at a SP nearer to one dollar, which is where it was headed on the long term trend, forgetting about the over-run to 80c, and attribute a more leveled climb.
So,IMO, simply because this bear market has forced people to sell, sell, and sell, dont be one of them.
The cogs are turning, that will inevitably put this SP back where it should be.
You may ask later, why you didn't buy more prw, prwo, prwoa at 15, 4.5, and 4 cents.
Finance is a big issue for most, but not for PRW. Taken by JV.
Distance to port is an issue for most, but not for PRW. 30km, and sealed road next to property.
Approvals can be an issue for most, but not for prw, given that the site is adjacent to, and on existing mining grounds.
I cant think of too many other companies with a major asset with so few hurdles to move forward.
The company has also said, regarding the turkey manganese project, as it grows, it aims to be in more than just nicol, but to have a diversity to see it grow across several sectors.
Dont miss this one, that's all I can say.
cheers
PRW Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
