Post by
muffin17 on Oct 12, 2011 10:29am
Expectations
PDG should be out this month ie the next two weeks with an updated resource calculation. The infill drilling which has shown significant cross sections and grades will definetely increase the size of the resource. I also would expect that a significant portion of the resource will be transferred from the resource column to the reserve column ie proven and probable.
PDG held up extremely well through the last couple of months of turmoil in the markets and is now beginning to move into the 60-70 cent range. With gold moving up again in sinc with the new resource calculation coming, this little company could go parabolic.
I would appreciate hearing the expectations of other posters. I think I have a gem here in PDG.
I have increased my position over the past couple weeks and continue to hold.
GLTA
Muff