RE:RE:RE:RE:RE:Pedra Branca Evaluation ?Yes I misstated it in my explanation
What I meant is that $1 of capital value now gets us .18 of an ounce of PGE metal - and if share numbers and share price remains constant but we double our known reserve then we get . 36 of an ounce which I think will get mined with at least a $100 C operaing margin.
I am hoping this current exploration program can prove that reserve.level or most of it.
If I can get 1/3 of an ounce with a $100 operating margin for a dollar of capital value, then I am estimating $33 operating margin dollars cash flow with each 14 of the 7 cent shares. = about $2.38 a share without time value discounting it.
Yes this is only my SWAG number- but I think it is too low for the actual future share valuation when the platinum price actually rises in future.and more ore is found.
I saw an analyst today value another PGE company in Ontario at the price of 5% of the proven ounces in its 43101 - which in Valore's case would become a company value of about 210,000 ounces of PGE.
Those are still a good start on estimating share value.
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