comparing gry with pir, page-4

The reason I bought and traded PIR over GRY was quality.

How about PIR being:

About double the real-world grade of GRY

Largely measured whereas GRY has little in the measured category.

All in one continuous hole not scattered over kilometres like GRY

Run by people who have built a mine before

In short PIR will make more money than GRY.

Also, GRY's conversion from resource to reserve was about 20%. Most saw that as disappointing. A $200M CapX est. didn't help.

That said, I still hold on the basis that GRY will survive the downturn but in reality it has a B grade asset compared to PIR's A grade asset in my view.

Whether thats a $300M EV difference is the market's call. Granted it is a BIG disparity.