"PCY is making significant progress on development of Chandgana and is partnering with international and local business groups. PCY’s strategic partners will assist the company with obtaining necessary permits and licenses and finance the construction of the power plant. The company expects to sign strategic partnership agreements by the end of this year."
As I said many a times watch out for Chandgana. When this deal goes through by the end of the year Chandgana will have a value attached to it that currently has no value. Just imagine if the market values Chandgana's coal at .5 per ton.
1,200,000,000 X .5= 600,000,000
When the offtakes come out for UO our coal should be valued closer to $4 But lets just say it only gets valued at $2
208,000,000 X 2 = $416,000,000
So when we add those two reasonable numbers together we have ourselves a BILLION Dollar company and will do an IPO on the HK and raise another $???,???,???
Today was a nice day with great volume and very nice chip samples. If the drills tell half this story Wellgreen alone would justify twice our entire market cap!!
We will have a GREAT Christmas this year :)