Looks like positions are being taken in anticipation of the maiden resource for Fekola expected at the end of June.
Im thinking that we are looking at approx 2mill 0z at approximately 3g/t. Purely speculation but the spectacular drill intercepts would indicate that we are going to see a considerable maiden resource.
Exciting times ahead for PIR with the maiden resource, a backlog of drill results to be announced and the anticipation of what we have at depth considering some deeper holes are increasing in grade and terminating in mineralisation.
The following intercept says it all.
FKRD_008 97.6m @ 5.41g/t from 182.5m to EOH (incl. 32m@ 11.37g/t from 247.5 to EOH)
Cheers
Retrac
PIR Price at posting:
$1.03 Sentiment: Buy Disclosure: Held