PRU 0.37% $2.70 perseus mining limited

Ann: Perseus to acquire Exore Resources, page-7

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    So Sissingue currently produces 80kozper annum but is due to run out in 3 years, so acquisition of Exore gives PRU an indicated 90koz to extend production by 1 year (if trucking ore to Sissingue mine). Another 440koz inferred potentially extends life for ~4ish more years (again, if trucking). Buys lots of land to explore also, though PRU has already explored their land around Sissingue and come up empty (Zanikan was a big disappointment). In my opinion, PRU had to something around Sissingue given their own poor drilling results in the immediate area, so this is a necessary step that should bear significantly more fruit than the ~AUD$65 million they're spending (in shares) to get it.
 
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