Interesting, looking at their scoping study, Net cash 9.3 billion over 34 year = 273 mill profit p/a if i interpret that correctly, with MC around 50 mill.
(earnings were approx twice above cash level).
As far as PE's go, this ones a ball park and a half out undervalued. 10 bagger x 5 bagger? If PE runs to say 10-15 level on production.
Can someone check my approximate interpretations to arrive at a current PE if it was to proceed?
PMH Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
