Ann: Owendale Project Update, page-36

Agree with Teddy Tending to think this is a hold not a buy.
Today we have an uninspiring Scoping Study, Next we will get a Pre-feasibility study then a DFS.
Probably a Cap raising in there some where with a bit of dilution.
I am however very positive on more drilling, to further prove the resources.

Would also like to define what PGM wants to be going forward.
A a gold miner in WA
B a AU/pd miner in Greenland
C a scandium miner in NSW


All of the above is not a realistic option to progress this company.
Best case scenario for me would be a TO where the raider would dismantle the company.
I believe the sum of the parts could be worth more than the whole.

As for comparing our market cap to others, to my mind that could come close to being construed as misleading.