They can be and often are. At risk of sounding like a Deg comparison guy. If you put the PDI asset next to the Deg asset in WA I would prefer the PDI any day of the week. They have put together a phenomenal indicated resource in a short period of time. Their near mine and regional targets have huge upside. plus PDI's gold is Free milling and recoverable by conventional methods. Deg is refractory and will require require pressure oxidation to liberate the gold, a method not used in Australia to my knowledge. Deg is 2+ years ahead of PDI but has a $2.2 b MC vs PDI's $400m.
In Addition to this, analysts and banks are predicting huge gold bull runs up to 3,4, 5 10,000 USD per oz in the next 12-24 months. Imagine the valuations of these companies is this was remotely correct.
Ann: Further Strong Drilling Results from the NEB & BC Area, page-101
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17.5¢ |
Change
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Mkt cap ! $410.0M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.5¢ | 16.0¢ | $462.2K | 2.797M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 256127 | 4 |
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