Perseus Mining (ASX:PRU) has announced it has acquired a 17.27% interest in PDI’s current shareholding. A positive step for the Bankan Project capturing interest from a major West African producer. We make a slight increase to our Price Target to $0.46 ($0.45 prior). Our valuation is driven higher by gold price movements and a lowering of designed strip ratios for the NEB open pit. Speculative Buy rating maintained.
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