why is pir worth $ 200 plus ?, page-2

It has the best undeveloped resource in West africa (for gold) imo . Which is likely to get bigger / better.

It is also the most likely takeover target in West Africa imo. So i think that the speculation it could get a bid at any time is holding up the share price fairly well.

Make no mistake , in a low POG environment , PIR's Fekola deposit is highly lucrative for the majors to the direct north....

Is it a buy at this level ? ... well , gold just fell into the $1100-$1200 range and shows no signs of stopping just yet. So the base case of PIR's PFS of $1100 is now approaching = not the time to be buying imo , not just yet.

I saw the Andean share price do stupid things back in 2008 , even though I thought they had the best deposit around at the time.... PIR could still travel lower , just like AND did.