PIR 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.
 
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