RE: I’m happy to wait23 Mar 2019 09:35
Asset value, RHA 0p
It was written off by prem themselves in the accounts.
Zulu, there were no offers of any substance so this gives you an idea of the market value. Prem MCAP, gives you an idea of how the markets values PREM.
ALL FACTS, Now, you valuation is based on what? RHA shut down because of lack of viability. Even though the best equipment XRT is on site. Shaft upgraded at shareholders expense.
Zulu, scoping study only covers a small portion of the tenement. Was this chosen as its the best bit? Only time will tell, but uramin didn't have the resource that was implied. Ask the French....
So will RHA ever make a profit? Is Zulu a monster? Well nobody outside Prem would know the answer to that even if known inside. Its all a best guess.
RHA wasn't shut down because it wasn't "perfect". It was shut down because it was uneconomic or GR playing the game under the new rules to get a greater %. The answer to that is still unknown but looks like we won't get the % so will we get the monies...