Post by
deepoil0808 on Feb 01, 2023 8:54am
450 pegamites * $ 1 million each = $ 450 million mkt cap
BRW has approximately 450 S type pegamites in inventory. These S type pegamites are the ones that contain LCF, a key indicator of lithium.
If I give a value of $ 1 million per pegamite, it would givie BRW an inventory valuation of $ 450 million or about $ 2.50 per share.
If you compare to PMET that drilled only a handful of pegamiites and holes and, company is valued at $ 1.2 billion.
Evaluating a tiny miniscule value of PMET for pegamites brings us to $ 2.50 per share.
With discoveries we go DOUBLE DIGITS.
Comment by
marszbars on Feb 01, 2023 9:04am
You claim you don't pump? BS. Much rather have the stock reach its highs on proven results not someone's basement calculations based on what they're hoping for.
Comment by
Sujanstockpicks on Feb 01, 2023 11:04am
Interesting. Upside is very big. Just hold. Check out DOS.V too. They own a bunch of properties in the James Bay Area. Totally overlooked junior mining play, transitioning from gold to lithium. Market is only 12M. Owning land in a lithium rich area is worth a lot in a lithium rush scenario.