must be due in the next week or twoi am new to this stock but...

must be due in the next week or two

i am new to this stock but management appear very up beat, in a particular the following comment


'The first JORC compliant Reserve and Resource statement for Pajingo will be released later this month incorporating some of the new mining plans. The statement will no doubt surprise those who might have been under the impression that Pajingo was almost exhausted. The previous owner being a US company did not report Resource but had done much work on what was classified as Non Reserve Mineralisation.'

the gold mine already has a 5 year mine life based on 60,000oz a year so it sounds like this could be extended considerably. though management believe production will be closer to 70,000oz per year

most importantly all gold production is unhedged and relatively high grade, averaging 11g/t

management have done extremely well to secure a gold producing asset and couldnt have timed it better