I am as frustrated as anyone about the share price. The catalyst should be the increase in JORC compliant tonnage. In the last announcement I stated the first JORC update would be at the end of May, providing we received the assay results for a couple of important holes that are being assayed at the moment. We are still on target to meet this. It is important that we meet our targeted tonnage for the program, and I can't see why that won't happen.
We will continue to update the tonnage periodically as we drill throughout the year. While I am not using the super-tax as an excuse because we already had a low share price before this, the tax and it's uncertainty certainly has not helped.
We are starting to get coverage by brokers and as the tonnage increases I think this will escalate. I still think this will be a big year for us. It will be hard to ignore a stock with greater than 100mt with the logistical advantages that we have.
Cheers, Tony.
PLV Price at posting:
36.9¢ Sentiment: LT Buy Disclosure: Held
