Just curious what everyones price targets are for the next 6 months (ie the point at which Smokey Hills becomes positive cashflow / is announced as being profitable)
My conservative view of this is for a markat cap gain back to 90m which is roughly 2.5 times the current share price. This is based the NPV of Smokey Hills at a cash margin of $350 with PLA earning a financial interest of 85%
I have not factored in any of the other assets as i do not see any certainty in crystalising any value from them in the next 6 months.
Any body else care to add a valuation?
PLA Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
