We should be expecting assay results from the central and southern drilling next week, that's if they are true to their word.
Cash on hand was $4.7M at start of April, 3 months ago They spent $6.3M in the last 9 months, i.e drilling, testing and running a business. Note, there was the wet season on that 9 month period. Funds will be getting low. They are going to need to raise money in the next 2 months. These results from recent drilling will need to be spectacular or the viability of this company will be looking shakey.
PGO Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
