"Investment Perspective: The release of the Definitive
Feasibility Study (DFS) is a major step along the path to
finance and development. It is a challenging task to finalise a DFS when the resource base is expanding so strongly.
An additional 3.2 mill. oz have to be brought into a Stage Two study. This will provide substantially improved numbers and could point to a post-commissioning expansion up to 7 mtpa for 300,000 oz p.a. of gold.
Importantly, the DFS released today confirms the size and the potential profitability, demonstrating that it is one of the leading ASX-listed emerging gold producers.
The Company is currently working on the 43-101 statement
in preparation for an anticpated Canadian listing, tentatively scheduled for later this year. Given the premiums at which its peer group is trading in Toronto, relative to PRU, we expect strong interest and a higher share price over the coming months.
The Bottom Line: Updating the models for todayʼs DFS
figures, Ayanfuri has a pre-tax NPV of $2.27/share. Add the
value of Tengrela ($0.74/share) and cash of $80m and the
shares still have considerable upside from these levels.
Full reaserch is at http://www.perseusmining.com/aurora/assets/user_content/File/PerseusBGF30Julya.pdf
Thanks Guild for pointing this research out.
"Investment Perspective: The release of the...
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Last
$2.59 |
Change
0.240(10.2%) |
Mkt cap ! $3.564B | |||
| Open | High | Low | Value | Volume |
| $2.51 | $2.60 | $2.48 | $20.56M | 8.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 280 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.59 | 88930 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PRU (ASX) Chart |