||ORD NPV (DI)
||EPS - Basic
||Market Cap (m)
|Prairie Min Daily Update: Prairie Min is listed in the Mining sector of the London Stock Exchange with ticker PDZ. The last closing price for Prairie Min was 33p.|
Prairie Min has a 4 week average price of 33p and a 12 week average price of 26.75p.
The 1 year high share price is 45p while the 1 year low share price is currently 7p.
There are currently 151,978,969 shares in issue and the average daily traded volume is 8,673 shares. The market capitalisation of Prairie Min is £50,153,059.77.
|bandflex: From the Beaufort note -
"Debiensko’s value is also not remotely reflected in the current share price. A scoping study is due later this month which should act as a major catalyst."
and todays RNS-
"The halt was requested by the Company pending an announcement regarding a Scoping Study at the Debiensko Hard Coking Coal Project"
Could be a good month for PDZ.|
|someuwin: Prairie Mining (PDZ.L)
Buy at 27p
Target Price: 90p
Prairie owns two coking coal projects in Poland, both of which have the potential to become tier one mines. Jan Karski is semi-soft coking, Debiensko is premium hard-coking. Both projects will supply the European steel industry and benefit from high-value coal, very high margins, existing infrastructure (e.g. rail) and established regional markets.
In terms of project economics, both Jan Karski and Debiensko are expected to produce excellent long-term returns, something which is not reflected in Prairie’s £41m market cap. Jan Karski’s prefeasibility study showed a >25 year mine life, a post tax NPV8 of $1.4 billion and a 26% IRR. Debiensko’s value is also not remotely reflected in the current share price. A scoping study is due later this month which should act as a major catalyst. Meanwhile, our Debiensko model produces an NPV8 of circa US$750m and a 23% IRR.
A key element to realizing Prairie’s value is de-risking through bankable project studies, culminating in mine construction. The excellent returns and strategic importance of both projects should ensure they get financed. Prairie’s management is dominated by very experienced international and Polish coal mine builders and operators. We see limited downside risk to Prairie and believe it has slipped through the net. We initiate coverage with a BUY and 90p TP. Read the full report...
|lord gnome: All buys today. Share price moving up again. Has this been tipped somewhere?|
|lord gnome: Nice update. The share price should progress alongside the project. Also nice.|
|keya5000: You would be more than welcome Sigora.
Think this may have some serious share price appreciation over the coming months.
Not an over night trade but a few weeks/months holding these could prover very worthwhile.|
Prairie Min share price data is direct from the London Stock Exchange