So B2Gold is paying a high premium for PIR ... hmmmmm not sure...

So B2Gold is paying a high premium for PIR ... hmmmmm not sure about that.

All in all it paints PIR as a standout except for the NPV they have calculated and the tax rate used. Mali has a 35% corporate tax rate and companies are free from this tax for the first 5 years, so if we go off their stated figures used, they should be using a flat 15.5% tax rate in the DCF (35%*4 =140, 140/9 = ~15.5%). I reckon NPV would increase from their.

On another note if you look up the B2Gold SP on Yahoo Finance they have news articles on B2Gold. One of them is about Goldcorp who has over $1b in cash ... damn! ... Scrip/cash bid from Goldcorp anyone?