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9.0¢ pacgold limited

News: PGO Primary Gold says co raises $4 mln, page-12

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747 Posts.

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25/04/16

19:53

Post #: 17593647
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Originally posted by miningman2012 ↑

Absolutely correct to be cautious.

They do have $$ in the bank but they also have a lot of work to be done before they can mine anything.

They have a pit full of contaminated water they need to dispose of before they can even think out dewatering the underground side of it. And the NT govt is very difficult to deal with regarding enviro matters.

The mill needs refurbing and I would say they will need some sort of tailings solution.

So a lot of work and a lot of money but certainly achievable with the right people in charge. We have not had that so far although most them have now gone but still maybe a little more dead wood the requires cleaning out to give the project the best chance of succeeding

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I think you will find that Garry Mills is charged with sorting out permitting for NSTs Tanami project. I'm sure he knows the right people.

PGO Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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