PIR:
249mln shares, 46mln oppies (20c).
$22mln cash.
Mali gold project: 3.14mln Oz at grade 2.4g/t.
PVM:
275mln shares (16mln oppies/warrants).
$30mln cash.
PVM is raising C$100mln at 84c CAD or 119mln shares in Canada.
Ghana Project:
4.5mln Oz of gold at 2.2g/t.
PFS: 220k OZ/p.a at cash cost of $630USD/OZ.
Capex $297mln, NPV = $600mln.
PIR's MC is about $460mln and PVM is about $233mln (before the $100mln capital raising). That massive $100mln capital injection will significant derisk its Ghana project which provide a clear path toward development and gold production.
in my opinion, PVM is a more attractive punt than PIR.
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PIR:249mln shares, 46mln oppies (20c).$22mln cash.Mali gold...
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