Ann: Appendix 5B Quarterly Report September 2014, page-11

what a shocker, basically every goldie down today, and PXG up 5.8% management deserve a pat on the back, im very serious, I think their decision to proceed with the short term development, instead of borrowing millions and going straight to 100% production is being somewhat rewarded with pxg NOT being totally smashed, again well done JP, great move.

Even if gold falls to US$1,000 , hopefully the AUD$ will fall to US$80 as well , that should make gold at AUD$1250, which is still a nice $250 margin from their all in costs, enough for PXG to ride out these tough times.