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Crikey, Grigor likes this:
on 12 Jan:
http://perseus.auroracms.com/aurora/assets/user_content/File/BGF Equities Research PRU Jan 09.pdf
That was before the resource upgrade.
Then, in regard to Tengrela:
Tengrela is the Next Multi-Million Ounce Project
In addition to the Ghana projects, PRU is in the early
stages of assessing what appears to be another multimillion
ounce gold opportunity in the Ivory Coast. The
Tengrela Project covers a 5.6 km mineralised system with
three main zones having been drilled so far. Gold is
associated with quartz veining and alteration within a
porphyry style system that has recently returned huge
intercepts that include 142m at 1.8 gpt (including 68 m at
2.7 gpt from a depth of 76m) and 105m at 1.9 gpt
(including 77m at 2.4 gpt from 54m). The grade of the
system is generally 1.5 to 2 gpt, but there are also
bonanza grade zones.
The first resource statement was made on 27 November
2008, quoting 970,000 oz at a grade of 1.9 gpt (15.7 mt at
1.9 gpt). This included a high-grade component of 5.1 mt
at 3.1 gpt, for 500,000 oz (indicated and inferred).
This resource was calculated from only 1 km of a 5.6 km
strike on the Sissingue prospect. Broad spaced drilling
has been conducted over a 4 km strike with width up to
750m.
Metallurgical test work has shown high gold recoveries
from free milling ore in the oxide and primary zones. A
scoping study is expected within a month or two.
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?