if ngualla was a gold prospect.

First up:
Todays release is an extremely slick annual report and the PEK guys should be congratulated on this. I think they really nailed on presentation while keeping the content simple yet informative.

More Drill hole results:
Frankly I just don't get it as in my opinion these results are stunning.

Perceived shortfall in investor understanding:
The drill hole results continue to deliver consistent high grade results yet the market doesn't react.
Perhaps its time the PEK boys started communicating on a level the investor public can understand, namely equivalence compared to gold.

First up some base prices:
Current Gold price per gram $US: $61.50 or price per Troy Ounce (31 grams) $1,911.66
Mt Weld REO basket price per kilogram: $US 79.54
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So..... How much is 1 tonne of 3% REO material worth??
1 Tonne (1000kg) of mined 3% REO = 30kg
30kg* $79.54 = $2,386

So basically one tonne of 3% grade REO material is currently worth more than 1 tonne of gold ore grading at an OUNCE!
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Now ask yourself if Ngulla was a gold prospect measuring 800 x 700m and the company was receiving drill hole results including the following would we be trading at $M 70????:

161m @ 1 oz gold (31 grams)
131m @ 1.87 oz gold (58 grams)

Although Ive got to say it will be fireworks when the market finally catches on!
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Geogeorge signing off, my ongoing resource calc is on its way, but I need to input todays results.