Ann: Commercial production at Sissingue, page-33

I will wait for gold to drop a bit more
This is the 4th time down
Patern suggests this bottom should be the shaker.

The first big drop from $1350 went to $1120
The next $1210 ......then $1240 in December.
So I would hope that around $1270
will be as low as it could go this time.
I am also hoping to head over $1400 on the following peak.

Whatever happens gold will go down and then up.

Lets get a bit real on the future of PRU.
Debt at $70 million USD
Edikan at break even and even JQ says to expect the same
So how would anybody hope to fund a new mine
At a $280 million USD cost

It is safe to say that the lender would want PRU
To carry around half the cost.
Also PRU would not want to carry too much dedt.
So I think around $180 million USD will be required
Allowing for existing cash

Current debt will have to be paid first
If Sissingue can add $12 million free cash next 2 quarters
Then maybe a CR at 50 cents to raise $150 million.
Could be about right.

Anybody thinking 75 cents will have to wait quite some time
Before that is a reality.

Cheers