I think i'd only be happy with purchasing Mertondale 5. But with the right price I could be pursuaded to buy the lot. Saying all this, I strongly believe that PRE will discover more than all of NAVS Leonora resources. All be it over the next few years. Its a tricky one but i think just M5 and raise 10 mill then do a 1 for 10 consolidation and JORC 400-500,000 ounces for PRE sometime during 2012. 250,000 to 300,000 shares on issue after con and to gain M5, I'd be happy with that. I wonder how much PRE could get if they sold everything except the Redcliffe Project and Manus 10% free hold. I'm guessing enough to buy M5 without a raising. How many would be happy to put there hand in there pocket for say a $5m raising for drilling if PRE could buy M5 with proceeds from the sale of a few projects?
Just my thoughts.
Scorp
PRE Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
