The algo has been chipping away for quite some time now. The problem the algo faces is that there is very little supply left at this level. Very few sellers stepping up. I would also suspect there is a healthy amount of private interest coming into the stock , so its not easy to fill big orders.
Brent Cook and a few others have tipped this one a favourite so there would be a few keen buyers out there..
The buy side looks pretty competitive, not easy to fill larger orders..
I'm sitting back and waiting for the next round of assays and possibly another resource upgrade this quarter (as per the latest presso timeline)
Already a huge resource, but some more icing on the cake will only make this one sweeter. Over 5mill/oz certainly not out of the question for PIR. Wouldn't be surprised to see even more than that over the next few years (6-10mil./oz?) .
PIR Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held