RE:RE:RE:RE:BNK 100% share price rise todayWe all know what the property holds...however, some of the 'experts' say this:
VALUATION
As a junior explorer with an exploration asset base, we
cannot value Peregrine on expected cash flow, as
none of Peregrine's assets have yet reached the critical mass required for an
economic study....blah, blah, blah....Following further exploration success at Chidliak, we
expect to have a clearer picture surrounding potential valuation.
PEA = ECONOMIC STUDY
Link to article (page 97) It may just well be the existence of the PEA that actually does make a difference to the SP and not just what they do with it.
If they have the PEA and a rally of the SP..that even gives them more ammo to bring in a third party.
LONG...PGD
EKIM