The webcast of the CEO's presentation at the Denver Gold Forum last night can be viewed here
http://www.denvergoldforum.org/dgf15/company-webcast/PRU:AU/
There are some positives about costs at Edikan. Basically next to no income tax will be paid on the Ivory Coast project given its limited expected life and 5 year tax holiday. They are waiting on the elections in Ivory Coast to make sure the coast is clear before giving the go ahead to the project.
They should be able to build up a useful cash pile from the two operations, and perhaps there will be scope to extend the life of the mines. I hope they get the drills going on their Ivory Coast tenements to find another project or two on which the cash could be used for mine development.
I was a bit irritated that the CEO jumps around talking figures in AUDs and USDs at a conference where the common money lingo is USDs. This is not helpful and could be viewed as intentionally misleading. There is no justification for doing this.
loki
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