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Having the same guy who was Chairman of PIR signing off on any...

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    202 Posts.
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    20/10/20
    12:34
    Post #: 48232486
    Having the same guy who was Chairman of PIR signing off on any deal can't hurt - given that he knows Fekola is now a 7.6moz resource.

    Mike was pretty clear in the webinar that at the time of the PIR deal the Fekola resource was ~2moz and the gold price was US$1,200/oz. Seemed to be implying that circumstances have changed FX rate is WAY lower at the moment too. Although, if we're talking 2 years, I don't see the US$ staying high that long...
    CHZ Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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