$PGLC / $T.PGLC Rob Chang, an analyst covering the
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Posted On: 07/12/2017 12:58:19 PM
$PGLC / $T.PGLC Rob Chang, an analyst covering the stock at Cantor Fitzgerald said, "We see the PFS as positive, as the increase in annual production relative to the PEA and the conversion of 80% of the resources are both positive developments."
In his report he states, "The PFS shows an increase in annual production over the PEA of 93,900 oz. Au versus 88,500/oz. prior, while leaving operating costs virtually the same. Moreover, about 80% of the 2016 M&I gold ounces were converted to reserves. The PFS will serve as basis for the Phase II application process, expected to be submitted later this year. We reiterate our Buy recommendation and are increasing our target price to US$4.65 per share."
http://www.investorideas.com/CO/PGLC/news/201...yStudy.asp
In his report he states, "The PFS shows an increase in annual production over the PEA of 93,900 oz. Au versus 88,500/oz. prior, while leaving operating costs virtually the same. Moreover, about 80% of the 2016 M&I gold ounces were converted to reserves. The PFS will serve as basis for the Phase II application process, expected to be submitted later this year. We reiterate our Buy recommendation and are increasing our target price to US$4.65 per share."
http://www.investorideas.com/CO/PGLC/news/201...yStudy.asp
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