‘One of the most significant discoveries in recent times’
Senior equities (Wilson Asset Management) dealer Cooper Rogers likes the look of gold digger Predictive Discovery Ltd (ASX: PDI).
“PDI is a gold company based in West Africa,” he said.
“It has stumbled on one of the most significant discoveries in recent times over there. It’s got a 4.2 million ounce resource of gold.”
Predictive Discovery is not resting on its laurels though, as it continues to drill.
“It’s hit gold intercepts 225m and 375m below its current optimised pitch shell, meaning this deposit could keep going down a lot further,” said Rogers.
“We think it’s really exciting.”
Rogers is a fan of the management running the ASX mining share.
“It’s got $50 million in the bank and it’s going to continue aggressively drilling while carrying out its scoping activities,” he said.
“So PDI’s a buy for us.”
The Predictive share price is down 22% for the year but has rocketed 40% up since the end of October.
