RE: Trans Cda, TGR, paid pumpers..... You can`t just throw an abstract dollar figure at PG`s entire resource base. There are ounces, and then there are ounces. High Capex, low grade ounces.....especially those with questionable grade continuity........go cheap. High grade, high margin ounces command a premium.
There`s no point in debating the obvious bias behind TGR and their client base, which includes Premier. But Premier DOES NOT directly compensate the analysts interviewed......those that go on record touting PG stock. You might have observed that many of these analysts interviewed by TGR (one or two I know personally) tout stocks that are not TGR clients.......and have little interest discussing companies on their client list.
Obviously, some of these analysts represent firms that have underwritten PG secondaries in the past. So they`re talking their book......much the same way we talk our book. Shame on us I guess.
Fact: Trans Cda is a large orebody in a safe jurisdiction, surrounded by infrastructure, that has open pit and underground components. The grade continuity looks good. We`ll need to wait for the Prefeaz in order to get a proper look at Capex, cash costs per oz, and IRR. This where the rubber hits the road......let`s hope the Capex is reasonable ($300 million or so) and cash costs are in the range of $500 - $600.00 per oz.
I see little comparison between Trans Cda and Prodigy`s Magino deposit, with its low grade and questionable grade continuity. In a world of resource starved producers, where 5+ million oz resources are becoming increasingly rare......it`s onlty a matter of time before Trans Cda is taken out, whether we want it to happen or not. But I`m wagering Trans Cda won`t settle anywhere near Prodigy prices. $125.00 per oz is my guess.