PRU 2.45% $2.51 perseus mining limited

very little chance with their current Tanzanian...

  1. 311 Posts.
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    very little chance with their current Tanzanian development.

    Perseus aren't ones to bite off more than they need to. Plus i don't think Perseus will bother with a pre-DFS project.

    just ask why Toubani has the market cap it does. they haven't reached FID, are in a shit jurisdiction to build a new mine, and are basically openly saying they're for sale - why as an investor would you sit around hoping for an OK resource in a shit location to be snapped up by someone (limited companies would bid). The directors will just keep needing to rattle the tin and dilute you.

    Happy to eat my words in a couple of years.
 
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