Long, I am trying to work out the current value based on the scoping study reported in May 2011. Maybe it's me but I am having difficulty in obtaining the current price per tonne of our three main resources, a lot of the commodity websites you have to register as a company. I have the price for ilmenite at approximately $180. Do you have any idea for :-
Kenmare (KMR) just posted a record year with prices and demand for Ilmenite and Zircon rising rapidly. Our mine is just south of Kenmare and has a higher concentrate of mineral sands and can be extracted more cheaply too. On my reckoning, the PFP reserve is worth greater than £1 billion, yet the market cap of PFP is an obscenely oversold £1.01million. How do you reconcile that?
Pathfinder Minerals (PFP) In late 2011 the company experienced the unlawful transfer of the licences for its assets and Pathfinder have been fighting for many years for there world class properties Naburi mineral sands lease and its Moebase licence which is an ex BHP Billiton property which has had circa $30m spent on it. Together these licences contain 2BT of mineral sands resources grading c 3.5% with patches over 9%........
The English High court has already ruled twice in Pathfinder’s favour. The most recent at the high court in London awarded Pathfinder £1.1m in legal costs.
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