Silver Elephant Mining Corp (SILEF)

[gharma]

corrected: 11,000 tonnes 35% concentrate, not NI
reread the release, so that is more like $60-$65 million/yr gross

Which is more undervalued, PCY or NKL ?
So I would also go with PCY being more undervalued.
Short answer is that to whatever extent NKL is over or under valued, that sooner or later will be reflected in PCY as NKL adjusts.

Besides all mentioned in other recent posts to the board, showing very little value being put on the Mongolian or the other equity (NI) holdings or non-Mongolian project properties . . .

as NKL moves up, if and as it does, then so will (should) PCY
The fair value of the NKL project has a lot of variables in it, I feel it has a lot of legs but there is much uncertainty and time to production, and we have seen only one drill hole report so far. But the market should start to appreciate the value of the equities PCY holds (and/or of the Mongolian projects/properties, depending on what you think the current market cap reflects) at some point. Then, as fair value of NKL comes to light PCY ought to follow along.