share price, page-4

Pelm,

I am interested in the 'back of the envelope' figures that you might use to come up with a very rough valuation. Do you think it is reasonable to work on FOB of $120/tonne and a profit of about $40/tonne (all obviously in your opinion).
Am not interested in getting into too many details, will leave that tricky stuff for you to discuss with Bleasby!

It is my personal opinion that PLV has been undervalued for a long time. I believe that this recent move in the SP is the market correcting as some of the bigger players are getting themselves set for good years of steady production. Although mining in Australia in general has suffered from 'popular' negative sentiment, babies are still being born and populations are still expanding, who grow up and drive/use/require steel 'thingies'. As is so common with us humans, we do tend to over-react. I think mining is in its positive corrective phase to be followed by 'non-bubble' positive growth.

Most races start with:
1. On your marks (where we have been)
2. Get set (where we are now)
3. Go (2014 - ....)