OK, Lets take stock of Perseus Mining - The positives and negatives are UP for discussion.
I'll start the ball rolling with the following and I expect ALL of those who have posted "thoughts" in the PRU threads to contribute something that is factually based.
Some Positives :-
* The Gold is there and the Resource is increasing with continued drilling - over 7 Million ounces and likely to exceed 10 million ounces of Open Pit Mining.
* 455 Million shares on issue with 85% of those held by the Top 20 Shareholders - Good or bad?
* The GOLD wont "disappear" and feasibility studies have used $800 GOLD for very successful / Profitable Mining operations..... 230K ounces only are hedged @ $1200 for deliver over 3 year period.
* Management has delivered on EVERY "promise" since Float, even through the GFC debacle and the recent GOLD stock sell off - A VERY good Management story.
* Ghana is VERY low sovereign risk --- S&P ratings etc. While Cote d'ivoire (Ivory Coast - Tengrela project) appears to have overcome its internal strife.
* Mining Costs will vary but are forecast at around $500 per ounce over Mine life of at least 10 years.
* Cashed up already and Commercial Gold production of 250,000+ Ounces per annum has commenced with Ramp Up to 400,000+ ounces when Tengrela comes on line in 2013.
OK... There is a start - I cant think of any significant Negatives - proposed but NOT definitive Tax Rises etc are not significant in my opinion. Maybe some realistic negatives will be forthcoming from those who are more pessimistic than I...... :)
Please - No anti Gold posters who suggest that Gold will be less than $1000 in the next 2/3 years - We have heard THAT many times before.
I welcome your contribution to sensible discussion.
- Forums
- ASX - By Stock
- lets take stock of perseus mining ...
OK, Lets take stock of Perseus Mining - The positives and...
-
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRU (ASX) to my watchlist
|
|||||
Last
$2.35 |
Change
0.030(1.29%) |
Mkt cap ! $3.228B |
Open | High | Low | Value | Volume |
$2.32 | $2.37 | $2.29 | $6.953M | 2.966M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 211468 | $2.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.37 | 61323 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20600 | 2.350 |
1 | 8415 | 2.340 |
3 | 16997 | 2.330 |
2 | 10570 | 2.320 |
1 | 8415 | 2.310 |
Price($) | Vol. | No. |
---|---|---|
2.370 | 12625 | 2 |
2.380 | 18119 | 3 |
2.390 | 10530 | 2 |
2.400 | 14661 | 5 |
2.410 | 17851 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
PRU (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online