wouldnt be suprised if the upgrade is 2 weeks late, there is usualy incomplete data that needs to be chased up before the modeling can be finished, below is a statement i pulled directly from a pappy ann, this looks like what we should be getting in the upgrade, this will make $1 cheap on peer comparison, if things go our way we might push $1.50, the added data from main zone will probaly be opportunistic or drilling that was requested by the company doing the modeling, also other companies from mali are looking at mergers so pappy is in the firing line after the upgrade aswell gold seems to have resistance at around 1440, this will be the third time that resistance level has been tested, usaly on the 3rd or 4th time resistance is tested it breaks through, a gold price above current levels will add to the spring that has been tensioning up under the share price
from wings of gold march 2011 Drilling results to date have identified exploration targets totaling between a range of 4.3 million tonnes and 4.6 million tonnes at an average grade of 3.6g/t Au for 520,000 oz(300,000oz FMZ & 220,000oz FNE/FSE)and this has been independently reviewed by Venmyn Rand (Pty) Ltd.
71c4 PIR, to 6 figures and beyond
PIR Price at posting:
78.5¢ Sentiment: Hold Disclosure: Held