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06/08/22

14:52

Post #: 62962753
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Originally posted by Shankvup: ↑

I strongly believe that this estimate of .35 is too low for a project in billions of $. Yes, the shares on issue are more than a billion $, the PFS, DFS aren’t done etc.. however, a lot of things have been achieved- scoping study, lead agency, permissions.. all these still haven’t actually reflected/ factored on the SP, what I think due to loss selling in June plus the market conditions. Plus the MOU coming up (assuming it’s going through), that’s a massive investment confirmation if it goes through, where Total Eren will be investing and owning 100% of the upstream project (estimated to be about 10-20 Billion$). On the top of it, what ever ration they work out on the downstream with PRL. That’s a massive project on the whole. My assumption is anywhere between $1-1.4$ in the near future….
please do your own research.. it’s not an investment advise but an individual opinion.. what do you guys think?

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No unfortunately it's not going anywhere near that figure for a while. I'd love it to and have been invested since early 2021 (with a brief break when I sold because the MOU was extended) but it's unrealistic given we still have a lot of work to do.
If we get to a $400m MC once Total are committed I'll be very happy

PRL Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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