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6/25/2025, 11:31:16 AM
PDI out with a DFS today. Looks like an easy double to 3x in two years or so. Market cap less than A$1B, asset with well over A$3B NAV at current gold prices and huge IRR. The thing with these West African mines is that they are very repeatable and standard operations to build. The low CAPEX is also something that is consistently repeated in the region which is why it's so profitable. They'll need to secure financing and final permits by Presidential decree and then they can build it. But I think one of the mahor shareholders will just take over the company before the mine is built.
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