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clock Created with Sketch. 25/10/14
12:43
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Originally posted by robworld
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Adriano - If you had read my post correctly you would notice that I said "2miloz stranded refractory ore body located in DR now being discussed - go figure - along with various other offers of ore from O/S." They did not say who it was nor at what state of development it was at. As for other potentials, they mentioned that there were many alternatives dotted around the world that were being looked at - not just this one. They are being approached by numerous parties screaming "Pick me. Pick me" - I suspect that they are spoiled for choice. We know that there are umpteen grillion ounces of stranded refractory ore located around the world - they just need to find an ore body that suits their needs. There is clearly a limit to what BJ can say in an open meeting thus the lack of detail.
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Agree with your sentiments , rob. My 'other half' also attended the meeting and came away feeling quite upbeat about PGI's position and the potential for a massive re-rating as the pieces of the jigsaw gradually get slotted into place. BJ was quite frank and open and addressed the issues at hand with confidence, stating that a number of problems had arisen which had been unforeseen in the early days. A lot had been learnt in the past couple of years and they were now much more confident of a positive future. We're in for the long haul and are optimistic that over time PGI will prove to be a very lucrative investment.
(20min delay)