Sincerely hope that any potential bid is knocked back quick smart!
PIR is the best upcoming producer on the ASX by a mile, even with a POG of $1000USD.
Look at what PIR will be kicking off with:
- Over 300koz per year straight away, based on 3.5moz M&I @ ~2.4gpt - AISC ~$750USD LOM
The more PIR drills the more they find, and they haven't even drilled deep down under the pit area yet. Who knows how much gold could be down deeper?
The list goes on and on ... just have a look at announcements over the last 2 years and you'll realise PIR is a special case that doesn't come around too often.
3 weeks ago I posted Post #: 10435442.
"According to Thomson/First Call, there are 3 analysts with a Strong Buy rating on the company, 8 with a Buy rating, and 2 at Hold."
There are 13 analysts covering PIR ... with 11 saying buy or higher.
DFS only started, mining license recently approved, Top 20 hold over 70%.
Would love to see PIR as the predator in this situation ... or if it is a bid, the start of a bidding war.
PIR Price at posting:
$1.43 Sentiment: None Disclosure: Held
