PRE pacrim energy limited
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take over value = 1.75cps

  1. X-terra
    6,593 Posts.
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    04/03/11
    11:40
    Post #: 7996288
    Time for a new heading.

    With a resource value of $280,000,000 equals a take over value of appx 1.75cps.
    T/O value is 10% of in-ground value.
    So the market is selling this at a huge discount.
    This is buying time not selling. This IMO should be holding around the 1.2cps mark, which would be more reasonable at current status.
    JMO
    PRE Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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