PRU forecasts a 8 million ounce gold resource in Ghana - a gold mining centre.
The large gold miners are finding it difficult to increase their resource base and a deposit of this size at around $US50/ounce would have a value of $US400 million. If the ounces can be converted to reserves the value is around $100 /ounce. With the open cut shells proposed I think PRU could get 80% reporting to reserve thus a $US640 million value. Great value if an offer pitched around the current market cap.
Certainly would be on the radar of some gold miners.
someone just bought a 500k block, page-9
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Last
$2.56 |
Change
0.055(2.20%) |
Mkt cap ! $3.563B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.61 | $2.55 | $4.824M | 1.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 86866 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 88774 | 28 |
View Market Depth
| Last trade - 12.46pm 29/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |