PGO 0.00% 10.0¢ pacgold limited

Interesting to see the same CRB crowd on the hotcopper forums...

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    Interesting to see the same CRB crowd on the hotcopper forums given PGO seems to share some common management elements.

    I bought in on Wednesday after reading through the presentations and some of the past owner news.

    Looks undervalued compared to some of the WA development crowd that have run in the last 6 months. I guess they'll need to pull the trigger on a capital raising again soon (to capitalise on sentiment). No doubt related to Patterson's involvement.

    Agree that the valuation technique is really poor but I guess it is hard to do a lot else without cost assumptions.

    Seems like there is some decent exploration opportunities here too and the area hasn't been drilled too much.
 
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