yes it's a patience game lifting that 1.38moz JORC towards 2moz...

yes it's a patience game lifting that 1.38moz JORC towards 2moz be a great step forward which should see a Gold reserve round 1moz which would be a nice add on for any W.A gold producer.....It's really just a size issue which PXG is likley to get a big enough resource to attract the big money
IMHO PXG will without dealt be taking over in 2012 ...we may have some toll treatment j.v to help exploration etc

had a look through an old Aus resource mag the other day had a article on the takeovers/buyouts future in the gold sector with a list of takeovers costs per oz Gold reserves etc at the time the gold price was round $450oz USD some of the predators had paid more than the gold price at the time to secure more resources but most round $350per oz in reserves , currently PXG is valued at on what $15 per oz gold resource with the gold price now at $$1850 they should likely prove up a 2moz resource or 1moz reserve base so going from the past time in history when the producers used their growing cashflows to update reserves we could well see the entire nano-jnr cap explorers with good reserves explode on a string of takeovers ,why spend tens millions on exploring when you have the likes of PXG in the heart of gold country with a massive resource to market value ...