With the markets in turmoil, how much has changed in the fundamentals for PIR?
We have cash to last most of the year, options in the money, so one would think we can survive without asking the market for capital.
Obviously the 'Market is always right', so does that mean that the resource upgrade in less than 3 weeks is factored into the price, in relation to current market conditions?
This doesn't seem like a correct valuation in my eyes.
I can see that forward blue sky potential can be eliminated in these times, but what about a high grade 1.2moz gold resource?
Interested in others thoughts?
PIR Price at posting:
69.0¢ Sentiment: LT Buy Disclosure: Held
