Ann: More Limon high grade gold and silver in drilling, page-38

Same!! No more coin from me either.
When you look at the current MC and go over what's been spent on the Brama asset thus far it's over double the MC. Oops what's MN been doing over the years, the deposit is just proven to be way to complicate for early 3D understand. Market is sick of directors saying "it's early days" it's f....kin not, 4 years of exploration and over $50ml spent just on Brama for 2.7mloz !!! Overall $$$ spent must be close to $100ml. Not bad for a $35ml MC...NOT!!

The company won't find capital if they keep spending big $$$ for zero return. Institutional providers aren't stupid so PD options is broker placement.....scalpers.
Consolidation....night mare for stakeholders.

So got me thinking.....Option, with Malcolm estimate of 1-1.5mloz that is suppose to be at Limon, provide a combined MRE for the Brama asset at 4mloz. Rough extraction costs on sales could show a gross revenue of around $800oz with a basic Grav/leach plant. POG $2500/Oz USD ATM.

So 4mloz by $800 revenue +cashflow is $3.2bn......haha your going to say what the f...k Rusty. It's in the ground and still a very green field operation.
Yep let's shave this 3.2bn to 1bn for an in ground value and deduct a sales pitch of 50% so we end up with a value of around $500ml. Plenty of room to discount further to attract a buyer yet still get a reasonable SP value at 6-10ct/share on a Brama sale.

So, All not lost. Just need the COH to finalise the MRE, 3D modelling and a PFS. If these last lot of assays are duds I'd complete the above package to feasability and sell to a neighbour. I'd be happy with 6-10 ct.

Unfortunately for this style of deposit macro conditions resulting in dried capital world wide will make it hard for PD to fund this to production on our own. The deposit is just to boutique and will be better to be annexed by a neighbouring producer.

Just my thoughts.