While the market is a bit topsy turvy, one of benefit to stocks...

While the market is a bit topsy turvy, one of benefit to stocks like PVM is the price of Gold. Once it breaks 1500 US $2000 will be the next stop. I really think investors aren't looking at how cheap stocks like PVM have become on an EV.
While PMI is equivelent of 66cent AUD we are trading at a 9% discount. With gold looking to break upwards and PMI looking to mine next year, things should move quicky. Results due in the next 2 weeks are infill and expansion Drilling from Obutan and this week we shoud get the results from 3000m completed of the 20000m Auger program good results should see a similar effect on SP to last results. The increase in rigs to 5 should start to move up the quantity of results with the extra of 3 three rigs now a month away. I am relly suprised at the lack of interest in what should be a world class resource with 2 mil oz + easily achievable. the drop to the 60 cent mark was a top opportunity. I get the feeling though there are not many retai investors holding PVM and the shareholders are mainly institutional holders. But its always nice to be able to hold a decent stake at around 10 or 15% below listing price.

Have communicated with Colin a few times and a lot is going on and we shall see a lot unfold this year. But good to see PVM is fully funded to till the mining equipment and sundries are need to be purchased with 30 mill in the bank.
Will be an interesting 3 months to see if PVm can kick out of the trend and move higher on the back of what should be some clear definition and expansion of its major resource.