" It is worth F all in the ground"
PRU just offered ORR about $95/oz... for gold in the ground in Tanzania. This is about 10x WWI MC on an Au/Oz basis. Valuations adjusted for ownership %.
PRU's offer is nearly 10% premium offered by GMD for the Cardinia project in WA.
It should be noted ORR has a much higher gold as Reserve status than WWI; so greater confidence. However, ORR's gold Reserves is at half the grade of their Resources (2.02g/t v. 4.03).
Ann: Change of Director's Interest Notices, page-32
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