PGO are stuck between a rock and a hard place. Have the grade...

PGO are stuck between a rock and a hard place. Have the grade but low reserve. Recovery would be concerning if the grade was lower. I am unsure on the plant. I don't see Clay has made any poor decisions, just bad timing. Im not happy with the CR raising diluting me the the s-house but you cant win them all.

I'd still shoot the PXG geo - he knows that ground better than most, and didn't drive exploration where it should have been. It's his job to lobby the board and drive the exploration strategy.

Anywho, on the SP, there will be no jump in price based on this deal, it will be based on exploration results. These sooner they get drilling the better. If they had their act together, the PoWs would already be approved and the program designed. Let's hope they don't drag their heels.

All my opinion. What would I know, I clean toilets for a living.