Not really into guessing the SP. But based on facts, draw your own conclusions.
The NPV adjusted for 70% ownership is AUD$309m and PSC's EV is $100m ish (EV is trading at 1/3rd NPV)
For comparison:
AJM's NPV is A$410m and their EV is A$836m (EV is trading at 2x NPV)
TAW's NPV is A$75m (adjusted for their 50% ownership) and the EV of TAW is A$225m (EV is trading at 3x NPV)
Granted both of these projects are about 1 year further advanced than PSC is currently. But I'm sure everyone, holder or non holder, could agree that PSC have a clear path to their stage. Plus they have a 7 year offtake in place as per the Sino Ann.
No doubt there is room for substantial upside in the SP IMO
Not really into guessing the SP. But based on facts, draw your...
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