Pershimex and Abcourt valueHere is what i posted on the Pershimex board..
Hi .After a few beers here is what i come to the conclusion that Pershimex and Abcourt could be worth in 2 years.
Pershimex is like most juniors trying to survive.
Pershimex can not borrow to advance his projects.
It could be sold for a +- 25-50% bonus to what it is worth today.;
The result would be a +- 25-50% profit to todays price but probably a 50% lost to all shareholders
that invested in the past.
An option presented to Pershimex is that it could merge with Abcourt.
Pershimex value is at it's lowest price and also Abcourt is at it's lowest price.
I have no knowledge as to what is worth Pershimex or Abcourt today but if i let
my imagination work i can come up with a combined value much higher than what we are worth today.($25m combined)
If Abcourt Sleeping Giant mine and mill be in production in 12-18 months (and we have the funding to do it ) and if in the mean time Pershimex can supply the mineral to Sg mill we could be looking at a 20k oz production at a $1000 profit per oz. per year.
If i project a $20m profit in 18m X a multiple of 10 =$200m = 8 times what we are worth today.
Yes it is all a dream but some day a dream could be realized.
The result could be +- $20m profit in 18 months and the future would look much better.
Fernand
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