Bullishfrombirth, with your “ultra conservative” thought...
First, I took under consideration to derive that valuation only one of a few properties owned by PCFG. Not only was it conservative because it was one of a few properties, but I also used a 12 conservative P/E Ratio where I could have used a higher P/E Ratio.
Also, I used a 25% Net Profit Margin. I could have easily had used a 50% Net Profit margin since we are talking about alluvial mining versus hard rock mining. I think things could begin to get very interesting here with PCFG.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.