Gold in the ground is usually valued at about 10-15% of the resourse depending on a number of factors such as location and ease of extraction.

All of this waiting and guessing is depressing...PQ is good at keeping his bread and butter in the dark and it is killing him in terms of the shareprice. It reflects poorly on this management team and leads us to wonder, what are they hiding...(not that they are)

Too many questions remain unanswered for an advance in PPS. Look for lower in the short term as investors want steak and not doggy scraps.