GREY:PGDIF - Post by User
Comment by
Kidlapikon Dec 04, 2013 8:57am
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Post# 21968107
RE:My target is $10
RE:My target is $10
Oiltair I have to say I have gained a lot of valuable insight from your posts.
Though I personally don't see how $10 valuation is even remotely realistic. Even with MPV being so de-risked it still only hovers at just over $500-million value. There are a lot of differences here I understand with De beers owning 60% etc. but with the market the way it is right now and the amount of share dilution(or a JV) that will have to take place in order to deliver the 2014/15 exploration as detailed in the release it would take upwards of $20-million.
With the current state of confidence in junior mining you believe that PGD as a company could command upwards of a billion dollar value on the stock market? Even with whats in the ground we rarely see diamond companys valued at 10-15% of the estimated in-ground values.