re: Ann: Positive Scoping Study Confirms Econ...
Thank God Im not taking investment advice from Fishnick, lol.
Moving right along, another very encouraging announcement by PIR and early confirmation of the strong economics of Fekola.
Looking at the numbers, if the gold price stays around the $1700 mark that is $400 more per Oz than the assumed $1300.
$400 X 231000 = $92.4 mill extra revenue over and above the $145mill pa. At $2000 Oz $138 mill extra revenue pa.
Cant see the the central bankers around the world turning off the printing press anytime soon so a gold price much higher than $1300 is most likely, question is by how much.
PIR Price at posting:
$1.96 Sentiment: Buy Disclosure: Held