Yes they are getting more aggressive but I still think they need to aim for a larger reserve - well at least have a target. PNR are now aiming at the converted 100koz production level and there ore body is a bit like SLR's Dairy Milano, stacked lenses and seems to keep on going.
Also, its interesting to note that PNR's SP only really took off once production was established (I remember researching them at 5-6c). What are people's view of the best time to invest in a gold company, keeping in mind the classic pic below.
Its something I have thought about a lot over the years. I know the EGA story is compelling but wouldn't it be more prudent to wait till 6 months prior to production? (See DCN's recent movements for example)
EGA Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
