worthind
You could be right.
However, PIR's share price suggests some deal is being hatched, and the grades and size of the area at Fekola suggest it could be large (3m ounce). AZM has a lot of unexplored dirt and a resource of about 1.7m ounces and likely to grow so I believe it could sustain a 150k ounce operation. CDT has found very little but has 10,000 square kms in Ghana. PRU would have 18 months to drill up a reserve to justify a 150k ounce operation and then build the plant so that it is operational by end 2014. CDT is the least likely candidate, but is a takeover target for its tenements.
GRY is another possibility, although I think they could get enough institutional support to fund the development of a mine in Burkina Faso. The same is true for PVM.
We await developments.
loki
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Last
$2.58 |
Change
0.080(3.20%) |
Mkt cap ! $3.549B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.61 | $2.55 | $10.28M | 3.993M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31424 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 32110 | 4 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |