Here is the most recent summary of the financials of the DR project. It uses US $1140 for the gold price. The upside is substantial if PGI was able to simply lock in US $1300 for the gold (IMHO).
They also use US $15 for the silver, Silver is almost at $18 as we speak.
Basically, every dollar that PGI receives for the rest of the project above $1140, will provide PGI with an extra $176k or, for every US $10, 1.76 million, or for $160 higher, US $28 million (AUD $38.5m), more than triple the current market cap of PGI..... (In AUD).
Further to this, if PGI is able to a Silver price of US $18, that will add a further US $6m to the coffers. Or another 50% of the current market cap (I am using a recovery rate of 25% for the silver).
Anyway, ever after all these years, PGI is def worth something, and hopefully a lot more than its current market cap.
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