Ann: Director Appointment/Resignation , page-7

Discounted for execution risk and time risk with seperate overlays for the short term and long term operational goals, remembering Lumpo at its early stages (2012) is more like a 10,000 tonn per annum operation. Add to this the Market is non functionall at the micro cap end of the market and that sums up my limited and somewhat hazy Xmas thoughts for PXR.

I would add that "Lumpo is close to a done deal and should support at these prices" in my mind means up to about mid 3's, But Mr Market will hand down his own judgement in the coming months.

Drilling results from Lumpo are now the next catalyst

Viney

IMHO, DYOR