Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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POG’s true valuation at current fundamentals is between £700m to £1.3billion , 20p is lower limit of this estimated valuation.
I'd love to see Tamesis proved right ... however they don't mention a timeframe for their 16p target
... is it 2024 when the new bonds convert ?
I do however agree with one of their observations "Overall, we believe the IRC stake is not accorded any valuation by the market and if sold would be a major catalyst for the Petropavlovsk share price" ... so if we could just give away our stake in IRC and our contingent liabilities, then that 16p share price would be much more likely to occur
Quite and that's assuming US$1,350 - they have 20p at US$1,406
Thanks Shedulike
To compare with 24 April, 2019 Tamesis previous estimation
Target Price: 14.0p
POG 24 April, 2019 : 8.35p
"The potential for bulk processing of third party concentrates is clearly enormous" Tamesis.
Thanks for posting Whosnext, only halfway through reading but looks very positive. Sounds like they are processing the first batch of 3rd party concentrate, we know from the April results they were in discussions so it seems they have secured a supplier. Will be interesting to see if we get some figures on this new revenue stream soon.
That looks rather good
16 July 2019 Tamesis report :
https://docs.wixstatic.com/ugd/6f7ffe_671d12b65a3d4bd5805252b8a7deccbf.pdf
" ... We value Petropavlovsk using a discount cashflow methodology, making adjustments for debt, working capital (including the gold forward sales) and corporate costs. Our valuation for the company is 16p/share at a US$1,350 gold price – rising to 0.20p/share at the spot gold price of US$1,413/oz. At our target price of 16p, the shares would be trading at 6.1x 2019E EV/EBITDA (vs Polymetal for instance which is currently trading on 6.9x 2019E EV/EBITDA). ...."