PVM pmi gold corporation
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hartleys research report on pmi website

  1. TwinTurboCelica
    10,131 Posts.
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    19/10/11
    11:03
    Post #: 9160280
    The Hartley's research report is now on the PMI website.

    http://www.pmigoldcorp.com/i/pdf/Hartleys-PVM-20111017.pdf

    Interesting that they have a price target of $1.67, but at current gold prices, then it is $2.44.

    The valuation is based at $51 oz (fully diluted). PRU (next door) has a current valuation at $165 oz. At a PRU valuation then a corresponding PVM share price is $5.40.

    On top of this, according to the report, a "premium" should be placed on PVM due to its higher grade (almost twice that of PRU).
    PVM Price at posting: $1.11 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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