Like a few weeks before some people are shaking weak holders out of the game.
This time an "independent" journalist is frighten Prairies shareholders.
Fact 1: Nobody has doubts that Prairie is owner of their projects.
Fact 2: Prairie could ask for a new licence, if current licence running out of time
Fact 3: JSW is in ongoing negotiations to raise 500 million dollars in the US until mid February
Fact 4: Poland needs and want Debiensko in produktion
Fact 5: JSW needs Debiensko to reach their production targets
Fact 6: Poland and Australia have strong bilateral agreements in mining
Fact 7: China Coal and Prairie won't be sucked by national polish interests without getting big international problems
Fact 8: Prairie could and will use law if necessary
Fact 9: If it would end in an international arbitration it would need years to get to an end. This couldn't be in polish interest
Fact 10: current trading volumes are very small
Hannes Huster, a well reputated stock analyst has calculated some very interesting numbers about Prairies possible valuation.
Prairies two projects Debiensko and Jan Karski will earn 1.12 billion USD per year if in production with current coal prices.
In equivalent to a gold miner, Prairie has a resource about 96 million ounces and could produce 1 million ounces of gold with 270 USD/ounce production costs.
Such a gold explorer would have a mcap at about 1 billion USD.
Unfortunately the coal sector is not on the radar investors. The main number of people have no clue about the difference between thermal coal and Prairies hard cocking coal.
PDZ Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
