Even with today's price rise, PTR still only has a market cap in the region of $45mill. Yet the company has $13mill+ in cash, and non-dilutive funding of $63mill (assuming technical milestones are met).
So the cash and cash equivalent backing of PTR is now basically $76mill. This means that the market is currently giving PTR a negative enterprise value. I.e., the current wells, technology, Spanish pipeline, and management expertise are currently being valued by the market at minus $30mill.
With an enterprise value of minus $30mill, you would have to say that every conceivable technical risk is more than priced into the stock!
But the key here is that funding risk is now virtually non-existent. With the $63mill grant now locked, in, and with the expertise and partner funding from Beach and Tru-Energy, PTR will have no problem funding the 30MW commercial scale plant.
I think once a few analyst crunch the numbers on this one, the SP will double very quickly. There is no way this stock should be trading below the value of its cash + grant money.
Longer term (3-5 years), if PTR can prove its technology at a commercial scale (i.e., prove to be a carbon-free, base-load power source at a price comparable with coal under and ETS), we are easily looking at a $bill+ company.
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Last
5.5¢ |
Change
-0.003(5.17%) |
Mkt cap ! $14.64M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.4¢ | $18.53K | 333.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 347733 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 347733 | 0.055 |
2 | 206176 | 0.053 |
2 | 175000 | 0.051 |
1 | 10000 | 0.050 |
4 | 91956 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 50000 | 1 |
0.060 | 274667 | 3 |
0.063 | 37000 | 1 |
0.065 | 10000 | 1 |
0.070 | 24585 | 2 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
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