re: Ann: Papillon Delivers Outstanding PFS fo...
Pretty good numbers, obviously wont see much happening with the sector so weak but looks like annual profits in excess of $100 mill and total costs around 700 an ounce so plenty of room. Current market cap 200 odd mill and recently raised 50 mill, guessing has around 70 mill in the bank. Would be a bargain any other day, once gold price gets down to $1100 an ounce supply will totally dry up as most mines wont be able to operate and make profit.
PIR Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held