RE: .08 prop Cash available at Sept 30: ~17 million (10c/share). 100,000,000 PMI shares (roughly 12 million$ or 7c/share).
Plus all other claims and agreements.
If they were to call off the 10 million$ asset purchase in Mongolia, or wherever, sell the remaining rights they have to PMI performance bonus shares, and all the ownership to the Santos Kyrgys project they could disburse 20c/share. That's not to say that will ever happen, or that it is anything near a reasonable expectation. But it shows that there are still multiple paths to success. There are partnerships with Shell (through PMI) and Santos and a nice chunk of cash available to continue Mongolian explorations or asset acquisitions. The burn rate for non-exploratory operations is quite high however (350k/month) which seems expensive to me considering the past year the notable progress only consisted of a Santos agreement, some seismic interpretation work and 1600m of drilling. On this note, they do operate from one of the most expensive locations in the world (Switzerland) and have companies in several countries which I imagine requires extra work to conform to all th regulations and customs. Note that I speculate rather naively on those points.
Anyways, I recall last year I picked it up at 13c and it took no time to move to 30c in January. Lets see what the forthcoming news from Albania will be.