RE:RE:NAV 92 centsThings are looking good, but the the current price is fair. PNP should not trade for more than 60% of their proclaimed NAV, and traditionally has traded at 40-60 percent of NAV. NAV in general has little meaning in this case because we're dealing with junior stocks which can't be liquidated easily like large caps. If PNP were to sell any of its position in any one stock, that stock will tank as much as 50%...
On the bright side, Uranium continues to trade well and PNP will continue to benefit from that move. I suspect that the NAV is now actually above 1.00 which makes the 60+ cents reasonable.