Ann: Annual Report to shareholders-PGO.AX, page-20

@Bonies has got it right in my view - the Coolgardie purchase was known ground which could generate quick cash flow for Toms Gully and Rustlers Roost. Remember these guys like Patrizi and Walta known the WA scene very well. It was a pretty shrewd move I thought since the tenements south of the NT mines are mostly unexplored and there is a significant amount of exploration upside there. Someone asked about Tom Gullys EIS approvals - I think from memory it was still with NT Department of Environment.

cheers

ece