RE: FJG, RE: Worth 1 billion or just 50 millions?
MurrayMac, I thank you kindly for your two very knowledgeable answers to my questions. I understand much more now why the company is so devaluated.
Nevertheless I am not sure that there are many 1billion PEA out there selling for 1/20 of their NPV, especially only a couple of months before the release of the FS. I was more on the impression that the companies I have been following were selling for about 25% of their PFS before the release of the FS. May that's a false impression or it's because they were in more glamorous minerals like precious metals, diamonds, Lithium, RRE, Uranium, Potash, etc. Iron Ore is boring and plentiful stuff. Anyway, If you know more such billion PEA companies, would love to hear about that, no kidding!
BTW, I checked the Adriana project as a matter of comparison, and they just sold 60% of their property for 92M$ to their chinese partner. But Lac Otelnuk has 10x the mineral resources of Roche Bay with a little bit more concentration(29%). Of course, that project is less accessible than Roche bay, and is less advanced (not even a PEA/PFS yet). But that is cheap by any means, and if a similar value was given to Roche Bay, simply based on the minerals resources, then Roche Bay would be priced a mere 15 millions...