PIR papillon resources limited
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macquarie valuation of $4.63 for pir

  1. ryrie12
    430 Posts.
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    06/03/14
    16:54
    Post #: 13092566
    Macquarie released a research report yesterday. $4.63 DCF valuation for PIR based on a 5% discount rate. $2.40 shareprice target.

    "Excellent exploration potential for both near mine extensions of Fekola and the discovery of satellite deposits within the region".

    PIR is the best gold play on the ASX with the added attraction of takeover appeal. Management have repeatedly stated that they are targeting a 10m oz resource over time, up from 5.15m oz currently. Anyone in inferior goldies compared to PIR (most are), sell out of them and buy PIR. It's that simple.
    PIR Price at posting: $1.45 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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