a 2014 forecast..., page-5

Paul,

Back in October you reminded posters of PGI's massive potential once the plant problems have been overcome, viz:
1) A stable, cash-generating mine
2) A life in excess of 27 years through the acquisition of follow-on feeds
3) Three exploration permits adjacent to confirmed major ore-bodies, and
4) the huge potential of JV's leveraging off PGI's Intellectual Property rights once optimization of the process has been achieved.

My understanding is that 1)is currently PGI's prime objective; 2) is locally available and will be contracted in due course; 3) will commence once cash-flow allows, while 4) has the potential to be the 'company-maker' once 1) is operating smoothly, which will hopefully be in place by the 3rd Quarter this year.

Management is optimistic that 1) will be achieved, in which case 2), 3) & 4) should follow. Under this scenario it is difficult to see PGI's SP remaining under 20c, thereby ensuring a multiple triple-digit return on an investment at today's price. It's the perceived 'time-delay' that is now the main cause of weakness, and, having been a shareholder since 2011 I'll definitely see this one through to the end. Brian Johnson has succeeded with Portman Mining & Mt.Gibson - I believe he's got too much at stake to fail with Panterra.