Jumpstart
I would be happy with 50 cents. As they say a bird in the hand. But I have more chance of winning tattslotto thyan PGI getting a bid for 50 cents in the short term. While I agree that long term PGI is worth a lot more if they an actually have long term supply of concentrate. Their are a lot of things that have to go right to achieve their long term goal.
And realistically what does a purchaser actually get. At the moment , a 3 year mine, 28M debt and a second hand plant.
If he already has the source of concentrate then he may as well build a new plant at the source. Why go to all the trouble of importing it into the DR.
The reality here is that the majority of the future value of PGI is locked up in the head's of the key staff/management that you want to replace.
If PGI was taken over then they could easilly start another company based on the Albion Process but the company buying Las Lagunas may fail without the IP locked up in the indiviuals heads. As we are not BHP all of the required process knowledge is unlikely to be written down
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