PIR 0.00% $1.49 papillon resources limited

5 million ounce target!!!

  1. MT2
    345 Posts.
    Foster's stockbroking have put out a note estimating that the Fekola corridor could host a target of 5m oz as follows:

    "We estimate the new Fekola discovery can have the potential for a mineralised target of 1-2Moz, depending on proving continuity, whilst the whole Fekola corridor (8km) could host a target of ~5Moz."

    http://www.papillonresources.com/images/stories/2011_03_23_FOSTER_QUICK_SUMMARY_PIR_Fekola_Corridor_Taking_Shape.pdf

    Hartley's have released a new note suggesting the Fekoloa corridor could be "very significant". As follows:

    "Our model is yet to factor in the full impact of Fekola and the recently defined ?Fekola corridor?
    which has the potential to be very significant."

    http://www.papillonresources.com/images/stories/2011_03_22_Hartleys_PIR_Medinandi_Gold_Continues_to_Extend.pdf

    Things could really hot up from here, once the market catches on to this potential.
 
watchlist Created with Sketch. Add PIR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.