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19,548 Posts.
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29/07/10
21:26
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Lordolean..
No valuation for Didipio as my $2.83 fair value = today's value.
But assuming Didipio production is 100koz pa, costs are say US600/oz, POG as per current.
Assuming JV found to take the copper project which would help recover the US$300 odd mil already sunk into Didipio
Approx NPAT of US$27.0mil
Didipio would be worth $1.40 to $1.80 per share gold only.
I think POG has a reasonable chance of testing support at $1060/oz
As i read elsewhere the selling of the past 3 days is the disciplined exiting.
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