morningstar believes pem is undervalued by 50%, page-19

and what is the explanation for morningstar? Whan will Perilya return to earn money according to the study?
What I expect from a management is basically to earn so much that I can afford exploration, nothing more. If that does not work a company will at some point run out of money.
Or in case of Perilya: when is the point where we can expect money coming back e.g. from Potosi and how much will that be.
No answers from management so far and that´s why the sp is where it is at the moment.

A target of 20c is embarassing for a company which raised captial to afford acquisition at 42c! Where is the profit for the shareholders?