On that basis target market cap for PDZ (if Exploration target converted to JORC) is +$500million.
That would be SP of +$5.
That is for exploration average EV/tonne.
Development/Production average EV/tonne market cap would be +$2billion.
Given location and current production of Bogdanka it could be argued a JORC resource for Lublin Project would be valued closer to $2 a tonne in value for PDZ.
That would mean......
SP of $20!
Nice maths.
If this is only half right i will still be a very happy camper.
:)
J9
PDZ Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held