There's a very high expectation built into PRA's current market cap. KGD has less than twice market cap (allowing for cash and PRA options) but has 700k oz reserves, almost 2m oz JORC and millions more oz to come with exploration and DFS due next quarter with expected costs about $550/oz. PRA just has some promising ground and no results yet. PRA could fly if assays of this drilling campaign show wide intersections of good grade but could be back to 10c if they don't have promise. I suspect selling coming from people overweight in PRA lightening up.
PRA Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
