Granted the Banfora project is good but their talking four separate deposits at a lower overall grade, 3.6Moz at 2g/t compared with Fekola so far already 3.14Moz at 2.4g/t in one shallow deposit! PIR have only started to drill out the Fekola deposit and there's more targets within the tenements to also test down the track.
I guess the higher cost per ounce relates to the expectations of what might eventuate over the next 6-12 months. I think by then the true scope of what PIR have will be well known..
I didn't add the low grade heap leach material to the banfora 3.6Moz total as this is not what we're discussing here.
PIR Price at posting:
$1.73 Sentiment: Buy Disclosure: Held