PIR 0.00% $1.49 papillon resources limited

drilling programme, page-2

  1. 2,668 Posts.
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    You can bet that it's not going to get any smaller :)

    Until yesterday's price drop, guessing that was probably due to the general thoughts that Spot Gold was heading lower overnight, the price and buying of PIR last week was running a little out of sync with other goldies.

    That got my suspicions running that there might be more going on here that we don't know. I still believe there could be a corporate play on this one at some time in the future. It's just too good a project to not be on the radar. Still holding a nice bundle of cash is also a very good advantage,

    5.15 million ounces @ 2.35 g p/t and growing.
    $46 mill in cash.
    Production costs of $580 p/oz and an all in cost of $725 p/oz.

    Why wouldn't it be on the radar?
 
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Currently unlisted public company.

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