probability of a takeover?, page-18

Hi guys,

Just remember the plant at Smokeyhills that was build in 2007-2008 at a cost of US$40 million is basically todays Mcap of PLA.

Not sure what kind of value you would put on the mine itself and the other projects in South-Africa and Australia.

But a take-over needs at least to be double the current shareprice and even that imho would be a bargain.

Time will tell, but as long as Smokey keeps mining without interuption, we could still see the long overdue turn around of this company.

jojo