All stocks have pulled back past fair value in regards to earnings, even if PNA produce $40 Million NPAT (which I am starting to seriously doubt) put that on a 6 times earnings (for a 1 mine operation) and you have a $240 Million market cap that’s 17c fair value price.
If you then discount the fair value price by 25% as per these market conditions = 13c share price target best case senario.