Can't see any reason not to agree with $1B. I know with REE it can be a bit of a case of comparing apples with pears, but if PEK's global indicated and measured resource is valued on par with the others I listed in an earlier post, then that provides for a market cap of just under $600m. Throw in a 50% takeover premium on top of fair trading value and viola - there's $1B.
I'm a goose for spending hours crunching all the numbers during the TH, then getting so cactus last night I forgot to set my alarm - only to awake to resource numbers that came in way above my buy trigger. Celebrated a day too early. Oh well, PEK was very kind to me during the early drilling and discovery days, so the chunk I bought after open is effectively free carried anyway.
target price anyone?, page-58
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $46.62M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $11.87K | 65.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 585404 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 13596 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PEK (ASX) Chart |