Exciting times ahead!!!, page-9

this is what I posted in march when PGO was at 3.5c, its done pretty much as ive expected it too.

looking at up and coming small gold miners that are about to start production PGO ( primary gold)

- issued share placement to raise $668k done @ 1.5c to start production asap
- 100% owns bundy gold project, that includes tom gully mine
- annual production expected to be 60k - 65k oz a year, with low cost production of $985 - $995
- final environment assessment before immediate start to production.
- shares outstanding 436 million
- market cap 11 million
- Current SP 3.5c

if we compare to MOY
- Production of 80k-85k oz a year at a total cost of $1180 - $1220
- 100 million market cap
- 742 million shares on issue
- current SP 13,5c.
- zero debt.

so when compared to MOY I think it has plently of room to move, will be one to keep an eye on imo.