RE: RE: Book value No problem that would be the last column.
$365m power plant + (25m shares of NKL x $6) or $150m = $515m/260m shares fully diluted = $1.98 per share before financing, however you need the dough to get to the $365m npv, so at 30% dilution on $800m project issued at
$ 0.45 = $ 0.65 book value. The rest of PCY's assets are excluded for a down and dirty approach.
Once the project is fully underway, I would think that PCY would then be trading at 1.5x book or
.97 per share, fully diluted both with what is floating out there now and assuming 30% equity issued at current book. Anything more than this, along with the assets not accounted for, is gravy.
If one is looking for a monthly trader this is probably not the stock for you.
All these folks need to do is keeping hitting the milestones, a few wrinkles along the way no doubt, and there will be a bankable return of 100% so that all can benefit well. Outside post likely 24 months to get there.
Patience is your friend here.
(disclosure I hold 400,000 shares).