Opinions
Brent Cook
Perseus Mining Limited
PRU-T
DON'T BUY
Mar 04, 2015
$0.330
Stock price when the opinion was issued
Golds
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TOP PICK
(Top Pick Jul 13/11, Down 19.56%) Under promised and over delivered and this is one of the few that is producing and has done this. One of the only companies he has seen bring a mine into production under budget and on time. Grade higher than they originally thought. Will grow from 200,000 oz to 400,000-500,000 oz of production.
Golds
COMMENT
Stock is priced as though they had no exploration projects, which he thinks is a mistake. It seems too cheap. They did a reasonable job of handling their severe operating difficulties. Company has done a very good job of operating politically and socially in West Africa. Thinks political risks here are overstated.
Golds
It is low grade and they have had issues getting it to make money. It probably won’t make a lot of money ever unless the price of gold goes up.