A billion dollar company in the making... be it a takeover darling or mining superstar....
Still plenty of upside headroom imo . Analyst consensus of around $1.90-$2.00 may prove to be conservative to say the least.
Here's a recent offering from DB: __________________________________________ Deutsche Bank 04-Sep-13
Papillon has increased the Fekola resource by 22% to 5.15m ozs. Deutsche Bank continues to expect the definitive feasibility study will be completed by the first half of 2014. The broker expects first gold in the first half of 2016.
The Buy rating and $1.90 price target are maintained. __________________________________________
And what will the POG be in 2016 I wonder ? $1500 , $1800 , $2k+ ??
PIR Price at posting:
$1.28 Sentiment: Buy Disclosure: Held