Ann: DRILLING COMMENCED AT MOUNT BUNDY GOLD PROJECT, page-6

Welcome aboard!

I have been following PGO for about 8 months now and feel the company is progressing quite well. Management did a sensible cap raising at 7cents back in Feb (for $8.5mil) so that should at least tide the company over for the time being.

The $155mil capex to get Mount Bundy off the ground may be holding them back a bit, but that is peanuts for the likes of EVN and NST that are generating very healthy cashflows..... so I think PGO would be on the radar for some bigger producers looking to secure cheap resource..... as such I can see a re-rate coming very soon.

I did see an Executive director just left (Patrick Walta), he was over at Carbine (CRB) previously, so I wonder if he is a bit of a nomad?

I think you'll do well in the long term with this one.