PRU 1.57% $2.58 perseus mining limited

Ann: Initial Resource and Reserve for Yaoure Gold Project, page-11

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  1. 11,215 Posts.
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    I suspect that there would have been something factored in for Yaoure, it isn't possible that every investor could have assigned it zero value.

    Additionally investors should be asking what surprise is coming next. Are the revised expectations reasonable in many cases. You will probably want to raise the discount rate a bit more for further uncertainty, as there is nothing to say that there will not be further watering down of expectations in many areas. This one is more of a surprise than Sissingue was IMO, maybe not to insiders. On paper Yaoure looked like a great project prior to today. In the summary Yaoure still looks OK to me, but I will be assuming that costs will be 20% higher or more than they have stated.
 
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