Strataegically it wouldn't make any sense at this stage to down grade or wipe the existing resource. If it is all about Fekola shift the focus there or should I say reinforce the focus on Fekola and once we have built a resource for Fekola then reassess the current resource if required. Otherwise all we are going to do is knock the stuffing out of the SP which is to know ones benefit.
If they wipe or down grade the resource then it could be further said that the new management have not done quality due dilligence before joining PIR and buying in at 45c. A similar mistake to the old management.
For the above reasons I can't see the existing resource being significantly down graded but who knows in this game. I hope they can stamp a positive on PIR moving forward.
Retrac
PIR Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held
