Gidgee, POG and the Oz Au boom

Gold price is almost back to $1700 AUD per ounce.

Gold producers and advanced gold projects are up significantly over the last few weeks (RSG doubled, BDR - 40%, MML - 50%, DCN up 50% etc...). In fact anyone with a gold resource is up significantly over the last month. MOY are up over 100%, BLK are up over 100% in the last month too (I hold BDR/RSG).

Panoramic has Gidgee, 2.4m oz, infrastructure, scoping study, mining leases.

Compare that to Blackham Resources who are at a similar stage of development (albeit with mostly refractory gold) who have jumped 100% in the last month to sit at a comfortable $80m market cap - well in excess of Panoramics paltry $25m market cap.

On Gidgee alone, given comparables, PAN is considerably undervalued.

Add in the value of Savannah - the plant, the resource, the huge upside at Savannah North and its hard to see how PAN can remain at current levels. Heck even the scrap value. Remaining cash etc.

Mark my words a re-rating will come sooner rather than later driven by either:

1. Investors clamouring back aboard in recognition of the intrinsic value of PAN's assets including Gidgee
2. A sale of Gidgee, likely to be at attractive prices given the current Australian gold boom.
3. A suitor making a bid for PAN.


Add to that a likely turnaround for nickel in the second half of the year.