doubles reserves, page-11

Kinzu

Thanks for dredging up that old PRU press release.

Everyone who wants to invest in goldies should read it and hopefully learn a lesson or three from the PRU story. Those figures are quite amazing, especially the high IRR at a POG below USD1,000.

PXG should hold off on developing its ore body until the POG is high enough to provide an IRR of at least 25% after locking in a hedge to cover any loans it may need for mine development.

loki