this was my post on PGO if anyone missed it, its up 37% on pretty low volume, so I expect it to retrace somewhat to maybe 4c, would be a good buy imo, prob not really a day trade yet, but good short medium term hold, current at 4.8c, when I first posted it was 3.5c on the 3/3. I do not hold any yet.
looking at up and coming small gold miners that are about to start production PGO ( primary gold)
- issued share placement to raise $668k done @ 1.5c to start production asap
- 100% owns bundy gold project, that includes tom gully mine
- annual production expected to be 60k - 65k oz a year, with low cost production of $985 - $995
- final environment assessment before immediate start to production.
- shares outstanding 436 million
- market cap 11 million
- Current SP 3.5c
if we compare to MOY
- Production of 80k-85k oz a year at a total cost of $1180 - $1220
- 100 million market cap
- 742 million shares on issue
- current SP 13,5c.
- zero debt.
so when compared to MOY I think it has plently of room to move, will be one to keep an eye on imo.
