my valuation of pem most hc have nfi, page-5

hi orlando. 1 thing you may not have factored in is rising costs and the fact that pem would have been barely in break even during the past quarter. Is it operating at 35% NPAT of revenues? PEM has cost blowouts not to mention it is a risky mine. Most funds won't touch PEM anymore as its cred is gone after that last disaster.

what a joke pem.