CD,
The market cannot value all of PTS existing JV's as there is no benchmark for them.
If the market can value EFE on its 80% holding in the iron ore tenements it can also value PTS on its 20% tenement holding and the its fpo's and options in EFE (and others).
My value for the above is now 42.9 cents per share for PTS.
Someone will wake up eventually.
valuation of pts shareholdings, page-17
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