Yes I agree C.U.B ...a good case in point was the likes of CCU so called 9moz of silver reserves which now we find out from the new owners the reserves at best only 1moz ...not that I think PXG has fake JORC reserves or anything wrong ....just one cannot value on pure JORC as many great resources have ended up being uneconomic BDG , CTO come to mind both huge fails....
So 1.7billion real pie in the sky stuff ....recent analyst valuation was pretty spot on .... 20c-30c so round 100mill ....
And as to the EVN 12c bid why wouldn't you if I was in EVN position I'd do the same ..are biggest holder bent over for 10c for Zijin!!! .. then EVN got another major @12c ....now if Zijin comes back with a higher offer that will be interesting EVN has pretty much stomped all over Zijin's so call "Good Offer" so it's front up or shut up ...
bring on the 14c cash offer Zijin then EVN can hit back 16c and then your get my interest>>
Also the predators might want to hurry up as if that Gold price kicks on to a new Bull trend there going be paying much more
