RE: 12 month target...10 Dec 2020 21:31
Hey there Ant , good evening , I think you may be a little short , Piedmont with an all in third of production 8,000 tonne offtake sit at $550 mil market cap , whilst our PFS's almost read like twins , our PFS was only for 10 % of our resource and I do believe our first offtake will be far in excess of 8,000 tonnes .Simple maths conclude a 24,000 tonne offtake could see a project market cap of 3 times Piedmont market cap , halve it as what EMH oens and it could see us closer to $825 mil market cap or $4.85 per share aud ( 2 pound 71 )