Ann: Appendix 3B - 1 March 2017, page-81

@speckledjim1 @pustayo Given your experience and knowledge in the space, I'm very interested in your opinions of the latest PGO announcement. I hold a reasonable position as my largest exposure to gold, have been building it up over the course of the last year. I like the projects, the near-term mining potential, management, bulk of cash burn on exploration (not staff/admin etc), possible upside to known resources, and the current cash position. The MC$ is perhaps a bit offputting to some given they're not yet pulling gold outta the ground. Still having a hard time nailing down calculations on potential profitability of the projects.