Pembridge Res Share Price (PERE)

Oh, a few more comments. If you look at the original mine valuation by Brandon Hill,

(page 1): "the major catalysts for re-rating once the mine has recommenced production is the exploration potential around the mine. This is expected to extend the mine life,"

(page 26): NPV Sensitivity to Copper Price: according their valuation, at a copper price of $4, the NPV of Minto itself would roughly double in value.

I find both of these comments extremely positive, since there has been no new broker articles (that I am aware of) since the coverage initiation.

And your profit figure is only when they're operating at 50% efficiency and a relatively high AISC. Both of those should be improving this year. And then there is the potential for the mine life to be extended. I see the mine life extension being very likely, because:

(1) The finance partners are experienced mining investors and I cannot see that they'd have invested so much money without doing some due-diligence on the feasibility of a life extension
(2) Minto has already had its life extended many times. For example, Capstone were able to extend the life by 8 years in 2009 after a drilling project.
(3) The preliminary results from the 8 Feb RNS indicate very good copper grades
(4) Gati's Proactive video on 14 Apr, indicates that the drilling results were 'excellent', with some holes having copper grades as high as 6% and a considerable number having grades 1.5 - 3%.

If the mine life is extended, this will become significantly lower risk than Rambler, with a drastically cheaper valuation and huge upside potential. Incredible how it is still almost unknown.

I hope people here are also holding RMM. I see PERE being in an even stronger position if the mine life is extended. It will be transformational.

believe how cheap this is now that copper is back to $4.35. We are nearly at twice the price realised by the company for the first 6 months of last year when we turned over $26m. At this rate Minto should be making $10-15m annual profits. Pembridges 11% of that would be $1.5m and we are sitting at a valuation of £5m. With copper prices expected to go ever higher the value gap just gets bigger!

If Robert Friedland and Goldman Sachs are right, copper is definitely going up in the long term.

Assuming that copper stays strong and that the PEA is positive and extends the mine life, I would not be surprised to see PERE becoming one of the hottest copper stocks. For anybody sitting on the sideline, I would say, keep an eye out for the release of the PEA, which will be transformational. This stock will cease to be a backwater once the PEA is released and I see it catapulting past Rambler at that point.

(Do your own research. I own shares in PERE and RMM. I might be wrong. You could lose your money and end up living in a tent if you invest all your money here)