Nice posts guys/girls. Everyone knows how much i like PRE, but dont get me wrong i think i have increased the grey hair count. As i said yesterday and others have today, if you sit down and look at what they have done with money raised they have used it extremely well. We will get there i'm certain. Theres been great results through 2010 and believe me 2011 will be bigger and better. The sooner we get a raising through the quicker the upgrades will come and mining at GTS. A few points to remember if you sell or reduce is the 50% c/gain saving lost if you have one like i still do, less entitlements in a raising which may include free options and dilution when they consolidate. Theres not many shares at this price with 200,000 ounces and a tenement that with a bit more drilling will give us a JORC resource close to what we already have. PRE cant and will not be able to stay at these levels with around 350,000 shallow ounces IMHO. I cant believe its here with 200,000. The Gold in ground is worth over 280 million dollars. GTS is around 140 million alone. Even if we did a 50 - 50 at GTS with a J/V and was left with only $28 mil(just a number to use as example) that would give each share a 1.7c value. Just shows that even a tiny percentage would increase value dramatically. Once Kelly is JORC'D i think they might go it alone and GTS itself will move this beyond 5c. I still think we can get atleast 1 million ounces at Redcliffe. Dont forget Manus either. Newcrest believe there is several millions of ounces, possibly double figures. Its been likened to a massive structure and resource found in the region previously.(Cant think of which one atm). I think they know what there going on about. They have a pretty good eye for great mining areas. All my opinions only. Cheers
PRE Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
