takeover target, page-4

Thanks Jack_a_Hearts

The rest of the read is interesting as IMO it appears the author is saying a PIR T/O at ~$800m MC is expensive ... silly person. They have no clue on the current resource, the money that can be made and the future to discover more oz's around the area and by also going deeper under the current MRE.

Osisko Mining Corp

- Goldcorp has been after them since 2008 and this is try number 4
- Goldcorp offered them measly amounts back then as well way below current SP ~CAD$6.50 @ ~CAD$2.8b MC
- It's a scrip and cash offer
- Osisko, on their website, have presos etc telling SH's to reject this again (have a look)
- Resource ~10moz @ 1g/pt over 4 seperate areas
- 2013 production ~475k @ ~CAD$760 C1 costs
- 6 years from 1st hole to production
- and the list goes on

PIR has the opportunity to replicate these guys and others, and our all in cost at ~$US$730 is way lower than Osisko at ~$US950.

If things go as planned, prod should be early 2016 or late 2015 if they can speed some things up.

Hold onto your seats is POG is above US$1500 by then!