PRU 1.24% $2.45 perseus mining limited

prod to surpass broker expectations

  1. 20,376 Posts.
    lightbulb Created with Sketch. 1988
    Interstingly , todays news conforms that march quarter is very very likely to exceeed broker prod expecations which range form 48k to 52k.
    with the company producing 36.5 in Jan and fb with Feb being a short month, and operations and ulisations looking much higher for March, one would asssume march prod figures to be 21-24 k which would put actual prd somewhere around 57-60k which will be very big positive to not only exceeding march quarter company forecasts but also it seems almost certain that the company forecast of 105-125k for the hald very likley to be towards the top end

    we know broker are very short term which should result in a few positve upgrades and positive coverage of the next few days and post the next quarterly. furthermore the Ivory coast development seem to have turned around 360 with the new mining code and fiscal stability agreement reducing risk and increase the value of the project. These tow projects will mean Pru will have ave cash costs of 600 dollars over 400k ounces - a very profitable compnay even i a lower gold price environment

    I am pexpecting Pru to be trading in the 170s by weeks end
 
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$2.45
Change
0.030(1.24%)
Mkt cap ! $3.365B
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