PGI - 15 centsGold production has started, but is having some...

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    PGI - 15 cents

    Gold production has started, but is having some "teething" problems, which should be resolved in a few weeks. Has missed production targets and raised some funds recently for working capital. Should be a very low cost producer, going from its current production of 2000 ounces of gold (plus silver credits) per month to 5500 ounces/month. Current operations only have a 6.5 year life, but there is scope to gain access to more ore in the region.

    Has other projects which it will pursue once it has strong cashflow.

    loki (I hold)
 
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