PRU 1.57% $2.58 perseus mining limited

Ophir I am with you on this one, PRU is become the next top Gold...

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  1. 6,250 Posts.
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    Ophir

    I am with you on this one, PRU is become the next top Gold Stock on the ASX for international exposure. We canput Susiguine project on the back burner til POG is over 1400USD and develop Yaoure first. 500Koz producer is now on the cards for PRU. Those options from Amara will be turned into shares IMO adding cash and IF Edikan can turn a profit, the sky is BLUE IMO.

    Went on the AMARA Website and the Yaoure Project looks good... What a steal for 85m ...

    Look at the jump in Yaoure IRR with every 100usd move - highly leveraged is PRU, to both the down and upside.

    upload_2016-2-29_22-50-17.png

    upload_2016-2-29_22-51-8.png

    NAV discount is 8%

    Yaore a 200k ++ producer PA and LOM 10yrs ++

    upload_2016-2-29_22-53-2.png

    We need to find 330m USD ... with 120m USD at bank +potential options allows some flexibility. Really we need POG to go higher and EDIKAN to pump money, and we are in play.

    PRU is now the most leveraged GOLD stock on the ASX IMO. Taking that from RSG.

    I own both

    Good Deal IMO..... happy to buy more shares for a 5 year holding.
 
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