JK says in PEA the market value of PGD is $175 million or 47 cents.Keep in mind this values nothing for the DO-27 or the drilling program under way in Africa.It also does not include the other 8 million cts in the TFFE that CH-6 will be drilled.If fully agree with JK and point out to readers his $172 million is grossly understated.PGD shares are worth at least 60 cents now.The PEA will show well over a $500 million NPV in a matter of a few weeks.You will not get shares under 30 cents when it does in my view.
JK:
Fair Speculative Value LadderUSD OV NPVCAD OV NPVExch RateDilutedNet Interest$535,160,388$690,517,4491.2903364,314,405100.00%Project StageUncertainty RangeCAD FSV RangeCAD FSV per Share RangeCAD MSV per Share RangeGrassroots0.5% - 1.0%$3,452,587 - $6,905,174$0.01 - $0.02$0.02 - $0.05Target Drilling1.0% - 2.5%$6,905,174 - $17,262,936$0.02 - $0.05$0.05 - $0.09Discovery Delineation2.5% - 5.0%$17,262,936 - $34,525,872$0.05 - $0.09$0.09 - $1.42Infill Drilling5% - 10%$34,525,872 - $69,051,745$0.09 - $0.19$0.95 - $1.90PEA & Metallurgy10% - 25%$69,051,745 - $172,629,362$0.19 - $0.47$0.47 - $1.42Prefeasibility25% - 50%$172,629,362 - $345,258,724$0.47 - $0.95$0.47 - $0.95Permitting & Feasibility50% - 75%$345,258,724 - $517,888,087$0.95 - $1.42$0.47 - $0.95Construction75% - 100%$517,888,087 - $690,517,449$1.42 - $1.90$0.95 - $1.42Production100%$690,517,449$1.90$1.90 - $2.37