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clock Created with Sketch. 26/03/18
15:20
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Originally posted by olympian
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DFS due by end 2018. it is no more than a pilot plant size std off the shelf equipment which can be sized up in modules, Suspect buyer wants to try before commit to bigger buy, Suspect PGM will be a producer in 2019. Read the recent / latest presentation by our part time MD haha. KISS, nice and easy everything in place, bulk samples already being evaluated. Small enough to be easily project financed, no share cap dilution ecept maybe strategic to buyer. PGM is standing on FIRM ground in safe hands and probably letting CLQ take all the big project risk. Guess if CLQ falter, PGM may later come in and pick up the pieces haha. PGM prob have x 10 upside on projected PERs into 2020 say with low risk evolution Sc only. You have made the cash with CLQ. Might be better to diversify yr risk ?
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I've already decided to re-enter, it is just a question of how big a position.
