GREY:PTQMF - Post by User
Comment by
goldpigon Nov 03, 2010 2:47pm
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Post# 17652408
Buy-out of Molejon Mine;;$2.69/Share
Buy-out of Molejon Mine;;$2.69/ShareFortunately, BestPick has done the valuation groundwork for us and he posted today this fair value...
PTQ at Equality to Other 100K Producers;
It shows PTQ share price would need to increase $2.69 per share to equal the average 100 K Oz producer.
PTQ is a 150K Producer on a Forward looking basis.
PTQ share price would need to go above $4 per share to equal other 150 K oz producers.
I presume that Fifer will keep all of ODN and the other exploration concessions at Petaquila.
Perhaps spin-out PDI as part of the sale.
Jolly good research.