TSXV:PEM.P - Post by User
Post by
WhiteFoxon Mar 31, 2011 7:42pm
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Post# 18370367
No pump or bash, just value
No pump or bash, just valueWith 1.22 million, what is the value of PEM? I'll set my pompoms aside for a moment and ask the question I try and figure out on a regular basis. That is, what is this stock really worth? Some newsletter writers will go as low as $25 per ounce and some promoters suggest up to $300 (in a $1,400 per ounce market) for accessible (near surface) finds. I've posed this question before, but didn't get much of a response, so perhaps this is just rhetorical. My math assumes a middle of the road $200 an ounce with 160 million shares fully diluted. This yields $1.50 per share. Of course we all know there is plenty of potential along the OSZ, which is why I usually conclude this speculative play is undervalued - especially when compared to other juniors. Thoughts?