at last, page-13

The stories already good mate IMO. Isnt that why some of us hold millions of these? Thats my reason anyway. .7c is a joke in my eyes. $130,000,000 approx in ground just at GTS and we have a m/cap of under 12 million! Absolutely ludicrus in my opinion. People jump up and down when i mention on other threads about m/c's of several hundreds of millions with different shares being possible. I put to anyone that isnt it possible for PRE to earn $12,000,000 in a year? Of course they could with GTS and Kelly. May even with GTS alone. A price of about 7c a share would come from $12,000,000 earnings and give a m/c of approx $120,000,000. Thats still quite small. Would give a p/e of roughly 10. If my hypothetical earnings is to high for sum well halve it. $6,000,000 in earnings from GTS would be a piece of cake and that still takes us to the 3.5c region and a puny m/c of under $57,000,000 with a p/e of 9.5. Both examples above are possible or i wouldnt bother holding 2,000,000 shares when i could do something else with it. Like put into the mortgage. As ive kept on saying, bring on a raising or investor. Give them cash to drill and shore up Kelly and mine at GTS and we will be right. We all know that.
Lets hope the news gives them the much needed funds to bring this to where i think it should be and can go to. With Kelly and GTS JORC'D a minimum of 250,000 ounces and maybe up to 325,000 plus combined is achievable by years end. If its still at this price with ounces in this range i'll go hee. I'll be doubling up if it is thats for sure. With 250,000 ounces (reasonably close to surface) between them gives in ground value of $360,000,000. Can only keep a company down so long before people realise and say gee they can make some nice dollars here and wished they had taken notice a lot earlier.

All of this post is my own interpretation and some might say totally impossible dreams. They very well might be, but how can anyone say for sure that it cant be done or be bettered?

Please do your own research etc. Still have to wait a little longer for news as ASIC havnt recieved any other forms since trading halt.

Scorp