Now SP is just 1/3 of asset backing, rare find for a mining company with production project.
Positive cash flow is expected in June quarter, however SHs should realize once it becomes positive it will never go back to negtive any more. 90000 ounce per year means $25 million net profit per year, EPS 5c/share.Together with other projects, SP still has chance to bounce to 50c. 20-25c in short term imv.
PLA Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
