To me, this sounds like plenty of upside - but it will be a v slow train.
(1) Because the first mill was such a poorly executed concept, PNR is capital deprived until this operation is at 120koz with a higher grade.
(2) The Butterfly NW structure target on page 20 - even this 'easy' exploration target now looks high capital & risk exploration to me as a S/H (!!!). And I am a holder from its early days, with some averaging down.
(3) This goldfield still needs another investment for an additional annual 130koz production (250koz at least) to handle open pits.
All I see is an easy $400 m takeover, with the new owners still needing even more capital for expanded mill. But existing shareholders will be easily enticed to exit at 8c anytime this year.
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9.8¢ |
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Mkt cap ! $632.4M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 9.5¢ | $3.075M | 31.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 441465 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 666991 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 441465 | 0.096 |
2 | 431564 | 0.095 |
4 | 385377 | 0.094 |
2 | 500001 | 0.093 |
1 | 30000 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 666991 | 1 |
0.100 | 1606849 | 7 |
0.105 | 1436518 | 12 |
0.110 | 1811311 | 9 |
0.115 | 166498 | 4 |
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