Yeah the options are great buying at these levels,I have a good...

Yeah the options are great buying at these levels,
I have a good feeling on this one that it could really run hard in coming months. If they get more decent projects in South Africa then this will only further increase the value.

Here's some brief calculations to highlight the potential value of the Ghana project for PCP:

Diamonds: 15m carats @ $50USD/carat = AUD$1.0 bn in ground value (yes that is billion)

Gold: 2700kg = 95,000oz @ $425USD/oz = AUD$52.3m in ground value.

Total: AUD$1.05bn in ground value

Lets assume costs to produce are 66% of revenue (very conservative given that the resource is at shallow depth) then that would equate to a massive AUD$347m in value for PCP and with 35m shares in total on issue (listed and non listed) this would equate to $10 per share in value.

I know this is pie in the sky stuff but doing these quick calculations really has highlighted the potential value of this project to me. I'm now very bullish on PCP and will hold for the longer term. Good times are coming for this one!

As usual please DYOR.