TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Message: Moment of truth

The last few days we have witnessed a dramatic and unexpected downturn in PDG's shares. The postings on this Board show a real concern whether the investment made in this company can soon be realized, indeed, whether it can ever be realized. Management has told us to expect an NI 43-101 resource estimate on Magino by the end of February which will build on the previous NI 43-101 done by GGR. I don't know what they mean by "build on" but if the result is a marginal increase in ounces, then the prospect for share appreciation is, at best, a longshot. You would think it's a reasonable expectation that before asking for a resource estimate, the company geologists would have a good basis to believe that the resource estimate the've requested will confirm what they already know, that is, an increase in ounces sufficient to move the share price in a significant way. That is what we expect as shareholders; we don't want a repeat of the NI 43-101 at Hercules last year.

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