Ann: Trading Halt , page-8

If we go by the $7m burn rate they expect this quarter, which is basically over, then PIR will have ~$13m left in the kitty, which should see them have enough for 2013 drilling and then some.

I was factoring in last year that a CR would happen in the Q313, but this will take ~1 month to complete anyway.

We will get the usual reasons for the CR being completion of PFS, start of DFS, general working capital, etc, etc. Maybe PIR will throw in some extra land buying or something else left field?

With the DFS to be completed in 2014, and assuming a CR sometime in 2014 (hopefully late 2014)to progress to production, I guess the question is how much do they need? Maybe PIR see the POG falling over the near term so better to Cr now than later on?

Just hope it's not too much of a steep discount.