GREY:PLUUF - Post by User
Comment by
KingKyleon Aug 18, 2018 9:46am
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Post# 28481890
RE:Crazy tin foil hat theory
RE:Crazy tin foil hat theoryIt’s not bad to speculate and even dream...should takeover occur what is PLU’s value. For peer comparison, LIX bought out for $2.6M with 2.0M Ton of LiCo deposit...that’s about 130x multiple to deposit. PLU had drilled 20% of area and accounted 2.5M Tons deposit which could then bring total size to 8-10M Ton. You are looking at $1-1.3B of deposit value at same multiple. Equate to $14 to 18/share. One can discount or add premium based on brine vs hard rock metallurgy.
$10 will not be too bad if we can even dream!