Sorry all, but... the announce is def a poor one considering that many holders have rightly believed that the company would stick to their timeline of production this quarter....
As for the potential use of the Burbanks plant, I am almost surprised they even mentioned it, it can only process 180k p.a! Unless the grade is very high, I cannot believe it would even be profitable to do so, yet... it would seem so. But honestly, I am going to discount that for now. Basically, the company will not be mining for another 7 months. In that time it will undoubtedly, need more cash. The only way is to print even more shares, of which PGO has so many.
I will continue to watch PGO, but... for now I cannot see a bottom to the share price, and yes, the company is cheap, but, I think deservedly so.
Ann: Toll Treatment Update, page-14
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