A lot of people are over thinking getting the mining license...

A lot of people are over thinking getting the mining license approved.

My view is some what positive towards this, although harder than other states, PGO's already a step ahead as what better place to get a mining license approved than a mine that previously had one?

Major concern is 155 million CAPEX to bring the mine into production and the near term concern on the ASIC of Coolgardie and if it will be profitable toll treating it.

There's relatively low volume of trades compared to the amount of shares on issue making them tightly held, PGO has great mamagement, highly prospective tenements and with already 1.2 million+ ounce resource in a favourable market sector and rising gold price making a great buy at these prices. If your going to make money here your going to have to wait and be patient, this is the best spec gold miner listed on the ASX.