PRU 3.10% $2.50 perseus mining limited

After looking at the MOL Mo play - they are proposing a 20...

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    After looking at the MOL Mo play - they are proposing a 20 million tonne per year operation at a capital cost of $1 billion+ to produce around 20 million pounds of Mo at a revenue of say $US600 million per year. So a 10 million tonne per year operation would produce revenues of $US300 million.

    PRU is an earth moving operation so 10 million tonnes per year is feasible to produce 500,000 ounces per year for a revenue of $US400 million with the advantage of less superheated construction costs and lower labour costs in Ghana.

    If the MOL feasibility stacks up it must be a better deal with the PRU operation for a major.
 
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