Ann: Parks Reef Resources grow 54% to 1.14 million ounces, page-7

OriginallypostedbyGravscan

DothenegativesreallystacktoohightomakeadecentpuntonPOD?Cogentrebuttalsappreciated...Nocharacterassassinationsorcheerleading...

Gravscan,

Suggest that POD need to focus everything on determining a process technique that economically recovers >90% of PGE in the top 40m of the profile (oxide component) and stop wasting shareholder funds on deeper sulphide resource development.

They've burned through the cash without any meaningful project parameters determined for early-stage mining.

Makings of a good, low-risk, low-cost starter project (~100Kozpa PGE x 8 years) here if they can get the processing and CAPEX right and then they would have operational funding for longer-term exploration at depth and nearby.

Current board have had a couple of years to produce results and yet they appear no closer to defining an oxide project so time to reset.

PS Watching Tom Stynes promote this company is like watching paint dry (pardon the character reference).

P