pvm vs pir - massive upsize, page-2

PIR just released a scoping study. Capex, Opex and annual gold production are about the same as PVM and PIR put on 11c with a market cap that is about $490mln or more than double that of PVM.

Amazing value for PVM atm.

Highlights of Scoping Study - PIR:
* Positive Scoping Study confirms technical and economic viability of the Fekola Project;
* Average annual production of 231,000 ounces gold;
* Initial mine life of eleven years, with strong potential to increase;
* Life of mine average operating costs of US$596 per ounce of gold;
* Capital cost, including all associated project infrastructure, of US$298 million; and
* Pre-Feasibility Study to commence immediately, targeting completion in Q2 2013.