Just in case some haven't read it I took this from Hartleys report in July( when the price was 0.083) and which is a little dated and is available on the company's website .
While it is dated I think the points are still substantially pertinent .
The quandary for investors in PDI is whether it has more than ~800koz.
This is likely given the 1.3km near surface anomaly at NE Bankan, the fact that early-stage aircore has only penetrated to 50m and remains open, and the abundancy of anomalism and artisanal workings on its other permits (e.g. Kankan and Koundian). Our cursory review of the aircore and auger results to date suggests that there could already be 500koz at ~1.5g/t Au across NE Bankan and the nearby Bankan Creek prospect.
Based on probabilities and the success to date, we see 1Moz as being likely defined in the near-term; however, the Company will need to demonstrate further mineralisation in excess of that uncovered to date; and/or make discoveries in new areas of exploration within its Guinea portfolio, if it is to reach our price target. Size matters -
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- Ann: 55M AT 2.94G/T GOLD-BROAD TRUE WIDTHS CONFIRMED AT BANKAN
Ann: 55M AT 2.94G/T GOLD-BROAD TRUE WIDTHS CONFIRMED AT BANKAN, page-34
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