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So what's your current no-brainer? In my spreadsheet of around 100 junior gold's, Carrick is one of the cheapest with a decent sized resource, in terms of market cap/oz's gold.
The third biggest no brainer on the stock exchange after BRM and GIR a year ago.
So what's your current no-brainer? In my spreadsheet of around 100 junior gold's, Carrick is one of the cheapest with a decent sized resource, in terms of market cap/oz's gold.
Kennas
Do you think there could be any geo-political instability now that PRU have divested their stake in Manas and the US are pulling out of Kyrgzstan?
No no-brainers on my list at the moment, otherwise I wouldn't be 100% cash. Longer term PRU probably still holds value. AND at $1.5b with about 3m oz potential 5m + high grade and PRU $900m with 7m oz potential 10m + ish low grade is food for thought. CNT also double PRU mc, and similar story. But, no longer no-brainer material like it was under $1.00.So what's your current no-brainer?
Just their holdings in Manas I think Gumby. Not following that at all really. The political situation in Ivory Coast is probably of more interest to PRU.Do PRU still have assets in Kyrgzstan?
Just wondering considering the current conflict occurring in that part of the world?
Not anywhere near as 'cheap' as it was some time ago. MC approaching $1b isn't it? eeeek!Back in today.
Not much of a sock draw trader but for a long term goldie PRU will do me.
Lets see where we are in a few quarters.
KennasNot anywhere near as 'cheap' as it was some time ago. MC approaching $1b isn't it? eeeek!
I'm looking elsewhere for a bargain now, that could be multibagger potential. PRU has had it's day and is turning into a M&D stock. Almost a long term investment. If that's your thing. Unless there is a capitulation again.
Still cheaper than some other goldies, like an AND, but I think they are well overcooked.
2c
I don't have anything on the radar at the moment. Maybe because I'm not looking very closely, or because I think the market is fully priced across the board, especially for junior goldies. They were absolute bargains at the bottom of the crisis when we all thought they'd go under. Nice and easy in retrospect, as we are lemmings, but really, so many companies trading under NTA at that time and the average pe around 7 or something. Was a once in a generation opportunity to find multi baggers in the resource sector. I'm not sure if we will see that again in our time. I can only hope.Kennas
Have followed & traded PRU in the past & profited as you have by the sounds of it.
Im also looking for something to follow & invest in the way of a Gold explorer or producer.
Not asking for advice as i'll do my own research but what if any multibaggers are you looking into atm?
Understand if you dont wish to share.
Not anywhere near as 'cheap' as it was some time ago. MC approaching $1b isn't it? eeeek!
I'm looking elsewhere for a bargain now, that could be multibagger potential. PRU has had it's day and is turning into a M&D stock. Almost a long term investment. If that's your thing. Unless there is a capitulation again.
Still cheaper than some other goldies, like an AND, but I think they are well overcooked.
2c
PRU still a good long term play if geoecopolitical situation maintains trend. If the world gets out of financial mess, and we all start hugging, then gold will be smashed and likewise, gold companies. Place your bet!The market seems to be agreeing with you. Nothing quite like buying at the top of the market is there
Loaded up at 2.30 this week and then again at 2.20 so I'm averaged at 2.30.
Hopefullt the POG won't go off the cliff every other day next week and we'll be back on track.
Looking forward to the mid year resource upgrade result
NEWS RELEASE
19 JULY 2010
SISSINGUE MINERAL RESOURCE UPGRADE TENGRELA GOLD PROJECT, IVORY COAST
Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce an upgrade to the Sissingue Mineral Resource at the Company’s Tengrela Gold Project in Ivory Coast.
Highlights include:
Mineral Resource at 1g/t Au cut-off:
Measured and Indicated: 9.8Mt at 2.5g/t for 782,670 oz (37% higher in grade than 2009) Inferred: 3.4Mt at 1.7g/t for 184,500 oz
Mineral Resource at 0.5g/t Au cut-off: Measured and Indicated: 15.2Mt at 1.9g/t for 914,550 oz (43% additional ounces) Inferred: 7.2Mt at 1.2g/t for 274,200 oz
The application of high grade cuts (grade capping) to the assays reduced the reported Mineral Resource grade above a 1g/t Au cut-off by 32%.
Drilling is continuing on infill, extensional targets and on other prospects at the Tengrela Project.
Definitive feasibility study on track for completion late October 2010.
Optimisation studies suggest significantly higher grades in early years than previously thought.
I am very surprised and dissapointed at the resource 'upgrade' at Sissingue. They have upgraded the um, grade, but I was expecting the overall ounces to be up around the 1.5m mark. I'm confused.
I might need to look into it more..
Good results continue. The infil will add to Reserves and Step Out to the total ounces.
I'm confounded as to how they are staying independant with such resources and into development when POG is looking so strong for the immediate to mid term.
All time high close of $2.52 today on big volume - great stuff.
I'm liking the chart.
How about that drop during the GFC?Weekly chart looks even better kennas.
PRU, AVO and IAU have been/are recent standout stocks seemingly regardless of what the rest of the market is doing.
.
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