ThanksMerlin, for posting the Sprott research...

ThanksMerlin, for posting the Sprott research https://sprott.com/media/5877/221110-pdi-scp-drilling.pdf

WhileI’ve been disappointed with the comparative lack of communication flowing from PDIsince new MD appointed, the below extract does underscore an astute approach bymanagement coupled with a long term vision. At the very least, it gives me high confidencein PDI’s capacity to apply $ raised during CR to best effect towards minedevelopment.

“Theimproving fidelity is pointing to a better structural understanding, itselflikely supportive of DFS mine-plans / reserve estimations next year. Hereinlies the disconnect with share price in our view. Effectively management isprioritizing the critical path to production by doing infill ahead of morespeculative regional / splashy step outs. While the latter comes in duecourse, the former creates better medium-term upside (scoping, andpermits targeted for next year), but moves the share price less. So short-term pain formedium-term gain.Luckily, the short-term pain (pause on super-deep holes andregional drilling around unfollowed up headlines like 28m @ 12g/t <2km frompit) turns to gain early next year as the company builds up itsgeological staff base to tackle the big infill programme alongside regionaldrilling”