It explains the lousy share price despite the supposed high...

It explains the lousy share price despite the supposed high level of resource/reserves.

That is the problem with getting worked out mines - not much gold may be there, and there is a chance you will over-estimate what you think you have. I think the market recognised this for some time. Note how few of the former NGF were posting any longer.

Where has young Juk gone? Not that I blame him, just think he should have more insight than most given his involvement in the industry. PXG was going to be the big one.

I do like the CEO and what he was trying to do. But it seems he has to go back to basics and re-evaluate everything. It looks as if the this will turn into another cheap Chinese meal.

Good luck to all goldie punters.

loki (ex-PXG holder)