Perseus Mining (PRU)

[Joshuatree]

An expert source tells me that PRU, at around 30c you get PRU for free as they have A$134.4 million cash and bullion and a hedge worth $A24.6 million. 149 ,ooo oz hedged at $1,241. Mkt cap re $166 million.

[penn]

An expert source tells me that PRU, at around 30c you get PRU for free as they have A$134.4 million cash and bullion and a hedge worth $A24.6 million. 149 ,ooo oz hedged at $1,241. Mkt cap re $166 million.

I am sure your source has a name like 'Macquarie' (rather than some thing soft like 'Tomboy' or 'Penn'
But that aside then this becomes a straight bet on the US Pog.

GLTA IHANIWIATA