GREY:PGDIF - Post by User
Post by
Kidlapikon Apr 16, 2015 1:19pm
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Post# 23636901
PGD vs Other Canadian Diamond Juniors
PGD vs Other Canadian Diamond JuniorsRight now a fully diluted (296mil shares: 282 after warrants plus 14 from incentives) PGD would be at $112-million market value. Far surpassing the likes of North Arrow, Shore Gold and MTX.
Though we would still be behind Kennedy Diamond KDI who is currently at $130-mil.
Beyond that the next reasonably comparable Canadian diamond companies are Stornoway and Mountain Province but they are already well past PEA and are in fact building their mines.
Mountain Province MPV - $750-Million market cap
Stornoway SWY- $450mil last time I looked.
If PGD over takes KDI it will then be the highest market capped junior mining diamond project in Canada.
It is important to know that neither MPV nor Stornoway made it to those market valuations without either selling off half the project to a partner or heavy dilution to raise funds to build a mine.