PSC charting, page-447

@nthroos - i discuss it here http://hotcopper.com.au/threads/how-to-value-psc.2793301/

But it's forecasted based on continual gold production rather than the current situation where they are ramping up.

It'll be fair to say that the SP was hovering between the 0.6c -0.8c mark (giving a MC of around $6.6M to $8.8M) before the Li acquisition. The recent appreciation in the SP to 2.0c (MC of $26M) is due to the Li potential. That means the market values the Arcadia Li potential at around $18M to $20M mark. I think this is roughly consistent with BGS (they are more advanced with their Li sampling/drilling).

I don't think the market has factored in any progress on the gold. So if there is any news on that front, it will be good for the SP.

However, the inherent difficulty with valuing the gold is there is no JORC resource (indicated or inferred) availabe for Gwanda East (unlike CAL or BGS), so the market may not place much value on the hold until a JORC is available.

But IMO - i'm not a resource analyst. I"ll leave that to the experts who get paid to do it