You can bet that it's not going to get any smaller :)
Until yesterday's price drop, guessing that was probably due to the general thoughts that Spot Gold was heading lower overnight, the price and buying of PIR last week was running a little out of sync with other goldies.
That got my suspicions running that there might be more going on here that we don't know. I still believe there could be a corporate play on this one at some time in the future. It's just too good a project to not be on the radar. Still holding a nice bundle of cash is also a very good advantage,
5.15 million ounces @ 2.35 g p/t and growing. $46 mill in cash. Production costs of $580 p/oz and an all in cost of $725 p/oz.
Why wouldn't it be on the radar?
PIR Price at posting:
99.0¢ Sentiment: LT Buy Disclosure: Held