will gry and pir eventually merge?, page-8

If they did it would form a massive west african gold play.

more recently everyone has been talking up PIR and the find at FEKOLA and rightly so, because from everything i have read it stacks up as being potentially the biggest find of the last 10 years, in terms of west africa.

so back to GRY, people criticised the management when they poured development funds into PIR, however the board at GRY are clever cookies, they know that diversity is important and idle money does bugger all. They have doubled the 13 or so million dollars they have spent on Pir so far and by the time they come to building a mine their stake could be worth as much as $50 mil, thats not a bad deposit for the building of a $300 mil mine.

Financing Banfora will not be a problem, GRY have a host of investements , truckloads of gold that is a low cost extraction scenario, they have a pipeline of projects to explore and develop,

so cast your mine back to what happened to Redback mining and the Kinross takeover.
Tasiast sits at 21 mil oz atm and given GRY'S current position , Banfora could turnout in the vicinity of 5 to 10 mil oz, PIR could probably be double that, and GRY'S other exploration potential has not even been factored into the equation.

Yes i believe a PIR and GRY alliance is gathering steam in the start of a new gold bull market.

Exciting times lay ahead for holders of both co's and if you happen to be on GRY well its all happening at 88.5c.
with 4.5 mil oz in the ground no debt, multi projects, investements throughout west africa, and a fraction of the price of when they were trading at $2 when they only had $2 mil oz in the ground.