Ann: Quarterly Activities Report & Appendix 5B, page-39

"I think every day we get closer to drilling that adds value to the investment. Once PSL announce the drilling plan, you would want to make sure you are holding shares ---"

agree, compare MC of stocks like LCL, which used to be Metminco and went through same upheaval as PSL, they are heading into gold drilling and sit at around $30 million MC /$3 mill cash.
Their main rig is still 2months away from being delivered.


PSL is based in a WA. Gold hotspot, the Paterson Range. NO sovereign risk.!
MC around $10 mill /$3 mill cash.

LCL is based in Columbia, where covid is around 6000 cases a day and warlords take people's lives for breaking curfews. This is currently happening.

LCL is over 3 times the MC of PSL.

PSL have far fewer issues to deal with and are in a world known hotspot.
Once we get closer to the next drill target stage , PSL should do several bags from here.

then first stage results can take it anywhere.
The waiting over coming weeks is the hard part.
low downside so no point fretting.