Great to see some positive planning to develop and mine the...

Great to see some positive planning to develop and mine the Coolgardie Project and to carry out preliminary feasibility studies at Mt Bundy. I have concerns though on two fronts.
1. PGO has as yet no proven reserves. In fact no reserves at all from Mt Bundy project and only limited Measured Resources.
2. In terms of Toll Processing we only have "potential" to access nearby Burbanks Processing Facility for Coolgardie Project from March to June 2018 and still to negotiate a two year toll treatment agreement from 1 July 2018 with Westgold Resources. I note that an attempt by DRM to negotiate an agreement to jointly develop their Turnery Deposit 50km from Westgold's nearest processing facility in the Central Murchison area as ended without agreement. I gather Westgold is ramping up operations and is making more use of its facilities for it's own operations which may limit joint operations.
On the other hand the MD's recent share purchases gives me some confidence so I have no plans to relinquish my current holdings. GLTAH