Investors need to remember we are dealing with a 10m oz resource in Fekola, not a 5.15m oz resource. Management have repeatedly and publicly set out this target and, over time, it will be achieved.
The Canadians are just starting to work out that they have negotiated an absolute steal. Watch the counter bidders start to emerge over the next couple of months. PIR could hit $2.50.
Investors need to remember we are dealing with a 10m oz resource...
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