And starting to join all the dots:
BJ at the AGM said that working on a gold price of $1200 it will take 2 years to pay off the debt.
Now working on a $1300 gold price and 50k ounces per annum gold production, in 2 years PGI will have $10m cash on hand or thereabouts before any tax obligations that may kick in.
Of course there is a lot of talk about a $1400 gold price next year.
And after the debt is repaid the cash will really start to roll in.
Nice talk but who knows? Anyways the prospects seem solid if BJ can achieve a satisfactory resolution to the finance negotiations taking place at the moment.
And starting to join all the dots: BJ at the AGM said that...
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