re read march quarterly, page-3

Wow IMHO!

I am truly shocked and a little intrigued by your posting.

Why is $2 so important? Are you basing your assumptions on NPV? Maybe you are confused why PRU are currently trading at a discount to what should more than likely be the starting point for where the sp should presently be? Please elaborate.

“How long did Twiggy take to get FMG into production?”

I also think it’s a bit unreasonable to compare PRU to FMG - for starters they don’t even mine the same material. Mining IO compared to gold is completely different. Incidentally, it took Twiggy several years… But even I feel wrong about the last statement because apples are not oranges!

If you do wish to make a decent comparison than look at AND (see posts on this thread by other ppl) – both are up and coming producers working in countries with some sovereign risk, both are moving to mine in coming years, both have solid cash costs (AND much better, mine life?), and most importantly: both will mine gold.

“come up with genuine proof and into production.”

Proof is the bankable feasibility study (BFS)!

To get a mine into production a company requires capital and the size of the project will more than likely affect the amount of capital needed. To raise capital, a mining company more than likely (usually always) will need to carry out a detailed study into a project to highlight the financial viability. A bank and investors will asses the project from this study (BFS) and make a decision to loan or invest into that project.

This is what PRU have been working on for a number of years. A detailed study takes time, if it didn’t many would question the accuracy and numbers.

“Why is it taking so long for the share to hit $2 .00”

Why did the share market fall last year? Why is the sky blue? How big is the universe?

The difference between what on individual is willing to pay compared to another is the great mystery of the markets - would we have an exchange if all stocks traded at fair value that everyone agreed on? Markets are irrational all the time and how we value a company is dictated by ones own opinion: If you perceive value, you buy.

Why you perceive $2 as value, I do not know? Personally, I perceive any price below NPV as value.

“We have seen the price of gold rising .At same time what happen to the $1.00 PRU?”

Much need capital raising (I know some here would debate the statement, I think it’s a thumbs up because I doubt another raising will be done, dilution is done!) is presently being conducted and in most cases this will hold the sp back towards the raising price, in PRUs case it’s 82c.

“If a company is so promising,good and shiny as the rampers are trying hard to make me believe..”

Personally, I don’t think I’ve seen much ramping on this thread - most analysis by posters here has been sound in nature. I also know of a fair few ppl invested in PRU that have been in the mining investment game for many many years, they understand projects, irrational markets, and make sound investment decisions based off fundamental analysis.

(I’d be very surprised if you considered the above a ramp!?)

I usually would not respond to such postings as yours, I’d more than likely hit ignore. But I feel compelled to because you are new to HC (you joined in September last year) so I felt it appropriate to comment.

Like your nick name, this is my honest opinion.

All the best
LSM