Normal
Interesting to see Kinross take Redback Mining for $7.1b. Very similar story to PRU really, but about 3 years more advanced and a couple of million more ounces, that PRU will eventually catch up on I reckon.$7.1b! PRU current EV is about $820m.If they don't issue any more shares, and resources grow to match Redback, and if they were valued at $7b, the sp would be about $16.50.Nice uptrend, creating some resistance around the $2.50 area. Just keeps going really. Good support just above $2.00.All dependant on POG staying steady and market non implosion of course.
Interesting to see Kinross take Redback Mining for $7.1b. Very similar story to PRU really, but about 3 years more advanced and a couple of million more ounces, that PRU will eventually catch up on I reckon.
$7.1b!
PRU current EV is about $820m.
If they don't issue any more shares, and resources grow to match Redback, and if they were valued at $7b, the sp would be about $16.50.
Nice uptrend, creating some resistance around the $2.50 area. Just keeps going really. Good support just above $2.00.
All dependant on POG staying steady and market non implosion of course.
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