PGOL is the other side of the coin go long PGOL short NEEokay a lot of you are thinking - how is this possible:
well there is an arb opportunity here:
NEE has a 70% option on the Moss Mine from PGOL
market cap of NEE: C$ 16 MM
so value of Moss Mine = C$ 23 MM
So based on this PGOL owning 30% of Moss Mine should have a market cap of C$ 7 MM
Currently PGOL has a market cap of US$ 1.85 = C$ 2.3 MM
So the upside is : 200%