Picked up small position at 0.13
Intresting deposit. Small footprint Now have 1 million oz Palladium equivalent with rising resource prices. You tube video with CEO talking about the economics of the project got me interested. Deposit would be small open pit and ore would go to be processed in Sudbury about 90km away. My rough calculations. 1,000,000 oz x $150 CDN / 150,000,000 Shares Gives target of $1.00 CDN Not sure about further dilution of this small spec company so I'm going to apply a 60% value to it to be conservative. So my target is $ 0.60 Just a guess I'm not sure how to value it exactly but I use 100$ US to value gold companies so I think with Palladium trading in the 3000 US range I'm giving it a slight premium to gold. There are some potentially rich feeder dykes that may feed into the deposit and they are going to drill those next I think which could add to deposit value. Anyone else have any ideas?