like I said, nothing flash there at all, the GT results are narrow and getting deeper so you might see 100koz tops, the rest is just chaff. I'm sorry to say that but that is just the way I see it. Maybe if they had put out an updated resource it would change my mind but they haven't which just reinforces what I'm thinking. That said I think the GT has some value but only if combined with NAV or put through STB's mill. I thought this might happen but nothing ? Still, happy to pick up some sub 0.009c if it gets there in the chance this might happen.
100,000oz might be worth $50m to NAV or STB so at 1.1c the cost of PRE is probably $20m after costs. Which leaves $30m. I dont think they'd do it for less than this. So expect lower prices imo.
PRE Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
