mac bank - outperform

Broker upgrade.

I agree with Mac Bank, but find their price target a little conservative. Must be a short term target ;)
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Macquarie 21-Aug-13

Papillon has delivered a strong set of drill results, offering the potential of a 15-20% increase in current resource. The broker increases its target to $1.50 and $1.20 and suggests PIR offers a potentially high reward, and high risk, opportunity in West Africa.
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