PGO 7.14% 9.0¢ pacgold limited

Ann: Primary Updates Rustlers Roost Resource -PGO.AX, page-13

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  1. 747 Posts.
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    Barret

    RR was a historical heap leach operation hence the 65-70% recoveries. It's a big system if you look at ththe historical pit and only mined shallow. Big number of ounces still there.

    TG is a high grade underground with a 3 year reserve. These mines just keep going and just needs more drilling. Disagree about it being deep relative to other high grade narrow mines. Think it's only at 300m deep and flat lying. Already developed as well so just need to dewater.

    Look at the other directors that just joined back in March. Garry Mills current GM of NST and Tony Patrizi founder of GR Engineering. Same guys as major holders of CRB. Also heavily involved in DCN in the early days.

    Looks like the are trying to replicate. high grade westralia deposit (toms gully) blending in with the lower grade Jupiter deposit (RR)

    I was offered stock in the recent raising from Hartleys so it looks like there were multiple brokers involved. Also impressive that it was done fully subject to shareholder approval. Tells me it's not a pump and dump but investors prepared to hold. Haven't seen a raise like that since the last gold run!

    Go brexit!
 
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