GREY:ADEXF - Post by User
Comment by
jduadeon Feb 08, 2012 7:47am
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Post# 19503615
RE: RE: RE: Grade is King
RE: RE: RE: Grade is Kinghttps://seekingalpha.com/article/287210-palladon-ventures-de-risked-and-poised-for-significant-value
Hi Venman,
Thanks for your thoughts on PLL. I wrote the above article on PLL this Summer. It's not perfect, but does an OK job of ascribing a value to PLL. I think $5 to $10 a share is possible if they can follow through with their drilling plans and upgrade to 4MT concentrator by the end of 2012. Of course the nice thing about PLL is that they will be producing 67.5% Fe concentrate in about a month and have all the logistics proven with off-take partners and hedge contracts in place. Not a lot of risk there in my humble opinion.
Worth taking a closer look if you have the time.
Pea Ridge has magnetite in the ground with an Fe value of around 60%! , the mine is near St. Louis and the company has plans to sell concentrate or DRI down the Mississippi. Also worth a look in my opinion.
Not here to pump,
James