the thing is if they had a decent deposit they would be drilling it now as we speak. But instead they have been using money for exploration at various prospects which is fair enough but it tells you that their flagship deposit is not big as people think. Which is unfortunate as it had good potential. So I'm thinking 100koz maybe 120 tops for GT. The only upside is a JV or a takeover from NAV or STB. One of these two companies will eventually mine the GT deposit. Just a question of how much value will be left for PRE shareholders at the end of the day.
PRE Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held