3m oz in ground, it will be reviewed by the majors and if they...

3m oz in ground, it will be reviewed by the majors and if they see upside to 5moz they will look to buy PIR. It ticks the box for 300,000 oz/yr for 10 years....so Newmont etc would be interested,

So kick the tyres now, have a good look, make an offer at $150/oz in ground with your own experts thinking there id 5moz.....so you are really only paying sub $90 in ground...... and everyone is happy.

That puts a value of $450M on the company.......and if they are smart they would do a corporate deal and move on.......leave some on the table for the next person and be realistic for a change in the industry...


No position....out of cash for now....but would buy if there was a few K spare.