Very much appreciate your reply juk.As I mentioned, I have kept...

Very much appreciate your reply juk.

As I mentioned, I have kept an eye on PXG for 3 main reasons, you mentioned the first, management. Extremely important to me especially in the small cap sector. 2nd was resource and 3rd was value.

When the SP was down below the $0.20s, I almost took a position but was unable to free up enough capital at the time.

btw- I very much like the fact that I did not get attacked by avid supporters of the stock, a refreshing change, as I largely do not comment on stocks I do not own, largely because I will usually get ignored. Just wanted to show my appreciation.

I also don't want to cross promote another stock I own, but I would be genuinely interested in your opinion on one of the small cap gold stocks I own (In Australia). For the sake of discussion, I will merely provide the basic details of their project. If you do find the time, I last posted on the stock on the. 28/09/12 18:03

Capex - $55-70 million for initial open cut
Annual target 100k ounces
1.5 Mtpa CIL plant
Grade av 1.2 g/t
7+ year mine life
operating costs $750-840
Payback 15 months.
IRR of between %38-%92

I will add that management are IMO, A1.

Good luck to all holders.