Ann: Quarterly Report 30 September 2014, page-25

Fingers crossed PGI get through this to have a crack at a second project.

I remember BJ telling me in 2010 that no financier wanted to touch a tailings project. Since then I can see why! Incredibly tough working out how a new technology functions when you're chucking crap through the process.

Good to see that they are keen to focus their next project on clean refractory ore.

I believe that BJ has some personal Chinese contacts made throughout his career that he trusts. However, just as financiers don't like touching tailings, I don't like investing in China (especially if it involves valuable IP that can be stolen).

Best of luck though guys and hopefully PGI will get through this. Some light at the end of the tunnel maybe. Whatever else, you've got to admire BJ's tenacity here.

Cheers
John