2017 FinancingI think PGD should just get all of the pain out of the way in one fell swoop. Consolidate 360,000,000 shares on the basis of 4 for 1, leaving 90,000,000 outstanding, then issue one right/stock, 6 rights + $1.00 entitles a shareholder to one share with a 1/2 warrant attached (excersiable in 18 months at a price of $1.00 /warrant).
Now we have decreased the float, raised the $15,000,000 for 2017 field work, and rewarded the share holders with a warrant leaving a net 112,500,000 shares if all the warrants are exercised with an additional $7,500,000 in asset if all the warrants are exercised.
That leaves PGD with $5,700,000 (current asset) + $15,000,000 (new rights) + $7,500,000 (if all warrants exercised) for a total $28,200,000 for the next 24 months
Forget the speculation of JV or outright purchases by 3rd parties.
Keep proving up the property and an opportunity will eventually present itself so that shareholder realize the true value of this asset!