RE:In situ valueInteresting comparison.
I did a comparison of PGD's enterprise value (market cap minus cash hand) and compared to a an estimated NPV I calculated.
Enterprise value is currently sitting at 5% of NPV for PGD.
KDI has a market cap of $100 million+. We will call the plus the cash in hand.
Enterprise value = $100 million.
If Market were to equate the two. KDI would need an estimated NPV of $2 billion.
5% of $2 billion = $100 million.
Market is absolutely given KDI the leg up in value just based on this comparison alone.
They'll need to move a significant amount of your insitu value into inferred category to try to push for a large NPV.
EKIM