PGO 7.14% 9.0¢ pacgold limited

Anyone out there?, page-29

  1. 747 Posts.
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    I look at this as more of a gold province rather than a project. They appear to hold 1500km2 of tenements in a district which has mined close to 10m oz at pine creek with similar geology.

    GR connection with this is what excites me. My understanding is they were key backers of DCN in the early days, focusing on brown fields exploration before running the numbers through the various studies. PGO is starting with 1.4m oz over 3 deposits all sitting within 10km of each other. The website says they have 45 other targets on their tenements which seem to have received little attention since Toms Gully was found in the 80s!

    The sentiment for gold has changed dramatically in the past few months. These guys are literally sitting on a gold mine in Toms with near mine expansion (rustlers and quest) and huge exploration upside.

    Not bad for a company with a market cap of just over $10m
 
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