OG, I saw some additional calculations of yours on the ZINC thread. You certainly have done some good DD on this. The forecasts vary based on different assumptions (ZINC/lead price, costs, exchange rates, cash reserves etc.). Through the variations, they all seem to show that at current SP, PEM is below intrinsic value.
My investment decision for PEM from the very beginning was a minimum 12 month hold. An entry at the current SP levels looks very attractive for a good return over these periods. Additionally the downside risk is relatively low at these SP levels. I expect a 10-20% SP growth over this period plus dividends.
;p
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
