It is worth revisiting the credit suisse report that values plv...

It is worth revisiting the credit suisse report that values plv at > $2.80.

http://dl.dropbox.com/u/7631636/plv%20report.pdf

and noting that the only thing that has changed has been the acceptance of a non-binding MOU when earier reports advised of a selection process for a binding MOU that was nearing completion, with several strong contenders in the mix. To accept then a non binding agreement when it could have been binding can only imo be interpreted as a hedge against future improved company value, either through de-risking and new drilling results.

Contrary to earier posts suggesting a gradual return to former highs, I predict a rapid one.

I'm also hoping that if Pluton are to seek an extra $10m in short term funding, as suggested by Credit Suisse, they seek it from current shareholders first.