After all the shares are issued they'll have about 430m on issue and at 70c that will be market cap around $300m and at 80c around $340. The value per ounce would be approx $62 & $71 per ounce respectively. That's ignoring the large pile of cash which they'll be using for development and exploration.
The EV is pretty low given the size of the resource and the good figure in the feasibility study.
I'm not sure it there are other companies with as low a value per ounce and such a large resource and decent grade.
PVM Price at posting:
77.0¢ Sentiment: None Disclosure: Not Held