daytrading july 23 morning, page-122

with SAR, cash is down by $8.9mln from previous quarter.

That is due to about $20mln in Capital expenditure for mine expansion.

There will be no or minimal capital expenditure going forward.


We now can expect it to start generate cash balance going forward i think.

Plus recent gold's recovery and discovery should boost share price further.

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PVM: up 5c (13%) today.... On a peer's comparison, it is good value relative to PIR.

PIR: MC $370mln, target 231kOz production.

PVM: $110mln cash, MC $174mln, target 200k OZ production.