The current position of PIO is almost unprecedented.
1. We have pollucite in stockpile and sold. Money will flow either this month or next and payment will be complete by end May.
2. We have microcline in stockpile any will soon be ready for sale. We know that we have very substantial quantities of microcline (exploration target of 700,000 to 900,000 tonnes) both north and south of the existing mine, mostly already permitted.
3. We have an excellent cobalt prospect at Blair Dome currenty being drilled. I have been told by someone with a much better knowledge of geology than I have and an intimate knowledge of the area that "there is very little geologic risk in the Blair cobalt". David Crook has referred to it on several occasions as "a company maker".
4. We have a free carried to decision to mine, 30% interest in a large land holding in probably the most exciting gold discovery area in the world at the present time.
5. We have a pipeline of excellent prospects which have been accumulated and winnowed over twelve or more years.
That will do for now.
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