OTCPK:PILBF - Post by User
Comment by
CalifDreamingon Jan 16, 2008 4:23pm
240 Views
Post# 14214120
RE: Interesting
RE: InterestingNow that's a dopey statement. I guess the concept of taking the present values of future cashflows is too overwhelming for you. NAV is in fact the universally accepted methodology of valuing any mine, including a 'gravel pit'.
Huh? Did you bother yourself to check what the friggin ASSUMPTIONS were for cash flows to generate the NAV? Costs were ASSUMED to be far lower, so the friggin NAV is significantly overstated.
And since costs are far higher and production lower, the market isn't about to use NAV as a means to value this play - they will use cash flows and earnings. And on cf and earnings, PLS is clearly vastly ahead of itself.
But hey, if you think the market is gonna "value" this play on a fanciful NAV calc, knock yourself out - buy a boatload - it's way below "NAV".
Crikies.