Based on current share price ($.365) the enterprise value per ounce of gold is round $31 on a fully dilluted basis. If you count only the indicated ounces it's $40. That's counting only Magino.
The industry average ev/ounce (per cannacord genuity) is $115 per ounce.
So ...
- As Magino is expanded and upgraded through exploration and feasilibility process ...
- as milestone is expanded and delineated
PDGs resource will expand and upgrade increasing it's EV/ounce over time ... you can do the math on potential share price over the next 3 or 4 years. I think there's enough gold in magino now that when upgraded will make PDG worth a buck a share over the next 18 months ... plus plus plus
A positive PEA will help and negative one will not ... but I doubt Brian would have commissioned a PEA if he didn't think it had a strong chance of being favourable. Nevertheless, I doubt he is clarivoyant.