News: PNR Pantoro Ltd Acquires A 50% Share In Central Norseman Project, page-39

I think you've hit the nail on the head here. If the market expects y-o-y, q-o-q production increases from a junior miner, the market is setting itself up for disappointment. I'm not sure why the consesus view on this acquisition is so negative (as reflected in comments and share price action). There is certainly risk involved but on past execution, that risk is reasonable. If people were looking for a bond, buy bonds. The potential upside is almost incomprehensively large. The reality may well lie somewhere in the middle but the potential here is enormous. I'm happy to wait the market out on this one and accumulate at tehse levels.