RE:RE:RE:RE:RE:RE:Let's Play.... Where is the problem????? The problem is extremely well documented in the RBC report posted by Oilwatcher. But as a summary , historical low grade, upcoming reserve restatement , possible mill heads going forward below 10 gram, potential inability to pay out the loan within 4 years, time and CAPEX required to get to 3800tpd. The list goes on and on
But dont believe me, Ask yourselfvwhen was the last time you read such a bearish report from a major bank ??? I think its fair to assume that PVG does not have a banking relationship with RBC........... this report is as close to a SELL recommendation as you can get , without actually using that word.