I think you are both right to be cautious about the Patterson's...

I think you are both right to be cautious about the Patterson's report - the disclosure on the report needs to be factored in. But the numbers do stack up (IMHO), the capex is low, the ore reserve is strong with great potential to increase. The new board appointees have got great track records. While Patterson's has an interest in pushing the SP they have an equal or possibly a greater interest in seeing a business they have backed so publicly succeed. With at least $4m in the kitty PGO will get some good momentum - I jumped in last week too so let's see how they go I am thinking medium to long term horizon as well - not flash in the pan stuff