PRE need to start skimming the top layers and produce some gold, it has got to be economical at todays price to do so and start getting some cash in. I've noticed there was some volume yesterday and history tells me this is an indication of news. I loaded into the options yesterday........has anyone got views about price and future, as they expire end 2011, seems very short dated issue. Tells me there is something in the wind. Heads now IMO are undervalue but the company needs to put a revised JORC out. They have certainly increased this and would bode well for value. They must be at 1/2 mil oz by now. Any views welcome, I've had PRE since 5cps but only now am I starting to look seriously at them. Short term (within 6 months) will see 1cps as history.
PRE Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
