"what does the UMC deal make PLV worth?On current inferred...

"what does the UMC deal make PLV worth?

On current inferred resource of 54 mt...
The UMC deal was done at $1.29 a tonne. Therefore our deposit is worth $70m. Or double our current market cap."

I saw this and wondered if the bolded part was true, so I did my own calculations.

Firstly PLVs market cap is around $49 million including the 30c options that are obviously in the money (78 million shares and 25 million options).

Secondly the market knows PLV are looking to raise $20 million. If we assume they raise $20 million at 44c that's an additional 45 million shares.

They closed on friday at 47c, funnily enough at 47c the fully diluted market cap post the capital raising would be...

*drum roll*

$70 million.

Obviously any broad comparison like this ignores ore quality, transport issues, exploration upside etc.