Time for some fun...is anybody willing to take a punt on what...

Time for some fun...is anybody willing to take a punt on what the SP might be at the end of Day 1 (first day of trading after relisting)?

I think it's a difficult one because there's a fair bit to take into account here:-

- to what degree did the previous poor management hold this back?
- will the resurgence of the Paterson (we have prime real estate there with the Grace Project) give the SP a shot in the arm?
- there is also some renewed interest in the Lachlan Fold Belt (Burraga) - what premium?
- there has been talk about big miners approaching PSL re takeover / possible JV for Grace - will there be a premium attached to the SP due to this?
- the cancellation of shares / options means less dilution (app. 40% less shares / app. 50% less options) - theoretically both should pretty much double in price based solely on this
- how will the market respond to the new BOD?
- Gold is a far better proposition now compared to when the company went into suspension over a year ago - what premium?

A lot to take into account but I'm going to stick my neck out here with a prediction which I'm sure will be totally wrong

Current prices:-

PSL .0035c
PSLOC .001c

Prediction:-

PSL .013c (1.3c)
PSLOC .005c (half a cent)

This gives an MC of around $20M compared to the current $5M - bit more realistic IMO.

As I said, I'm probably way off, I hope it's better than this as I'm sure you all agree - this is NOT FINANCIAL ADVICE, my opinion only and is not to be taken too seriously - it's really just a bit of fun while we continue to wait - GLTAH DYOR