GREY:PGDIF - Post by User
Post by
Kidlapikon Apr 17, 2015 9:32am
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Post# 23639791
Previous share price
Previous share priceSome people here have thrown around the fact that PGD was at $4 before and I am hoping that people are not setting that as a target.
4$ was achieved when there were far less shares available and the entire market environment was roaring.
For PGD to hit $4 at 300-million shares we would have a market cap of $1.2-Billion. DDC currently has $2-billion and they have been in production for YEARS, Lucara currently sits at $750-mil and they are paying dividends.
My pie in the sky DREAM target for PGD is no higher than $500-million before a sale or take-over happens. My fair market value for PGD as it currently sits RIGHT now is roughly $150-200-million then after a PEA, if it is positive, is around $200-300-million as we will still need to raise the money to move from there. If a joint venture comes in from De Beers, or DDC then all bets are off and rapid share price valuation should follow as has been the theme with other diamond juniors over the years.