broker update, page-18

MT2 great post in response to my comments particularly your thoughts on valuation of blue sky potential.

Maybe I am being a little conservative but it's what I've valued the company at and where they are in exploring and defining the gold potential of its tenements. But hey, I hope I'm wrong as I'm a true believer in this stock too.

It's interesting to compare PIR with other West African goldies like Ampella and Gryphon who have valuations well over their JORC resource numbers with great promotion of their stock along with their blue sky leading to such valuations. I can see this happening also with PIR but we are maybe 12 - 24 months behind AMX and GRY in evolution.

I do believe we will get there too just not at the rate some people are suggesting. Baby steps.

But I'd love to be wrong :)