OTCPK:PGMFF - Post by User
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DRYOASISon Aug 03, 2021 1:18pm
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Post# 33642769
RE:RE:RE:Red Lake gets support with Evolution Mining
RE:RE:RE:Red Lake gets support with Evolution MiningAgree ViperX, but with Evolution looking to add Aug Ozs to their portfolio it would make a lot more sense for them to buyout PGM before the valuation goes through the roof.
Anglo-Ashanti might be forced to put an offer on PGM or risk loosing it to Evolution, the question is, who blinks first ?
Valuation ?
This is just my 2 cents,
At $300/oz in the ground with 2 mil ozs plus $250 million for mine/mill it takes PGM to $2.16/shr.
At $300/oz in the ground with 3 mil ozs plus $250 mil for mill = $2.92/shr
Thoughts anyone ???