Hi Ians and Evison The median U target at sentinel is 7.5Mill pounds. This is about half of PENs res If we compare market caps on that single asset PMH sbe 0.20 Im unaware of Germanium substitutes atm but on current price their mid point target res is worth $900Mill before extraction costs.
The heartening news of the past 24 hours is 1 The LME copper price hitting $2.90 a pound. With Anne Mason production costs around $1.50 the value on the current JORC res of 7.1 billion pounds of Cu is spectacular 2 Nevada Copper Corp hit $1.50 last night This is 0.50 above the Chinese ZTSs share issue price. We are seeing an appreciation of true value. The NCU price is starting to make PMH look increasingly cheap in comparison. Comparing the market caps of Nevada Copper and PMH we should see PMH at around 0.30 less an allowance for silver credits
The calcs are rough but Im looking at market caps and seeing that investors are underating PMH atm Waiken
PMH Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held