may production data, page-25

Paul,

MAD are cashflow positive and don't need to raise capital if they don't want to.

PGI are cashflow negative and need to raise heaps of capital via weird debt funding and share placement methods.

MAD doesn't make your top 10.

PGI is your number 1 pick.

For a bloke that seems so concerned about production and hence cashflow, you seem to invest contrary to your own song book. Go figure.