Meeting is today(19th May)so once the second tranche gets shareholder approval, which i believe wont be a problem,Rodney will then get the rigs drilling away if they havnt started already. I'm certain he just wanted to get the meeting sorted so he knew 100% that the cash at hand was around $1.6million once the second tranche is settled. $200,000 is estimated for exploration up until June 30 then i expect that will increase substantially in the third qtr. He did state that he was confident of getting Kelly JORCD sometime in the fourth qtr of 2011. Possible increases at other tenements as well. 3-4 mths of heavy drilling around the corner then a few mths at the most to get JORCD. What a nice Xmas present. Dont forget PRE will be focusing on the known higher grade areas so it should give everyone a lot more confidence over the next 6 mths. Dont think we will be seeing the price under 1c again once the next upgrade is announced thats for sure. Lots of upside potential in this one. About time too, especially for those that have been in for many years. You deserve a change in fortune for being so loyal.
My ops
Scorp
PRE Price at posting:
0.6¢ Sentiment: LT Buy Disclosure: Held
