The decision whether to go ahead with Sissingue or not must be coming close.
At $1,100 POG it may be put on the shelf in favour of balance sheet protection or more accretive acquisition(s) of an existing mine at below replacement value.
My reference for thinking this is that at the recent Denver Gold Forum Endeavour Mining, who have the Tier 1 Hounde Project, also in West Africa, stated that at $1,100 the project would not go ahead. The project metrics for Hounde are far superior to Sissingue so I would think PRU may be prudent in their FID. JQ certainly appears a pragmatic guy.
If this is bourne out it will be interesting to see how the share price reacts.
Cheers
John
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