PIR 0.00% $1.49 papillon resources limited

what do you think, page-6

  1. 1,890 Posts.
    They are chasing a mid to high grade wide block of minerisation down at in that area imo , not a narrow high grade vien. So I doubt underground mining will be used to chase those ounces, but it all depends on what lays beneathe the current MRE I'd imagine.

    Using UG mining would definitely be an option if they think the strip ratio starts getting too high after stage 5 ,but that will depend on the POG of the day and whether its worth the strip costs.

    Like other large deposits to the north , there could be alot more gold below the current resource yet to be found.

    At current market cap , PIR is still offering considerable upside imo. Its a billion dollar company on sale for less than half price.

    Agree with the BLBrute, $3+ in the not too distant future is a certainly a good chance. New highs this year looking good.
 
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