Next stop?, page-20

Hi Folks

I agree with many on this thread who see PGO as travelling under the radar and have posted some figures on the Enterprise value / JORC and have been very impressed with the numbers. I also like the experienced management.

BUT - I do think that the market will wait until production is up and running to really get into PGO. Part of the issue is the chequered history of Toms Gully. This mine went through a few different owners and then had a major flood event in 2013. The big money will be waiting to see if PGO can make Toms Gully work with the dewatering plan being crucial. I think the rewards will be excellent in NT if they can fund the start up of Toms Gully and surrounding leases through income from some more straight forward tenements down Coolgardie way.

cheers

ece