GREY:PGDIF - Post by User
Comment by
ekimon Sep 05, 2017 9:04pm
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Post# 26659380
RE:RE:RE:Port and Road and Share Price
RE:RE:RE:Port and Road and Share PriceThat $4 gave an instant Enterprise value of CAD$575 million for Chidliak on Caustic results alone (no economics).
Was it justified? No one knew if CH-6 was going to be repeated in other pipes on the property. So far, the answer is no.
Now we sit at at Enterprise Value of CAD$52 million for Chidliak and an NPV going from close to CAD$500 million toward CAD$1 billion with the new (deep) drilling happening right now. The NPV will surprise that Enterprise Value of that day you remember. JK on BNN.
A 10:1 NPV to EV or a 20:1 Forward looking NPV to EV.
You tell me if that is a good time to enter?
I believe PGD mgmt is still in talks to sign up a partner or similar.
I believe they they are in talks...I won't believe it happens until happens.
LONG...PGD
EKIM