A market cap of just around $50 million considering the gold drilling results PRE are coming up with is a joke imo.
I suggest you might like to have a serious think about what PRE released the other day.
PRE reported that the first deep RC hole at its Golden Terrace South prospect has been an outstanding success. A 55 metres intersection of gold, grading 3.65 g/t from 95 metres is SERIOUSLY SIGNIFICANT.
More drilling results at depth will be coming.
This should lead to a MAJOR RERATING of PRE imo. With gold around US$830, PRE's current market cap of only about $50 million is a joke imo.
From PRE's ASX release.
"Most importantly the results have provided evidence of the potential of the mineralised system at the Golden Terrace South prospect. It has demonstrated the existence of extensions to previously reported high grade gold mineralisation to greater depth ..."
PRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
