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.
PVM Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
