Pegasus Resources Inc (SLTFF)

[Mr. Zen]

I bought this one on the Rio Tinto partnership drilling. It may soften a bit more from here but now it is down to the graphite venture and the uranium venture. Risk is now greater but still worth a play, would love to see it soften below .03 (CDN) however that may be doubtful. By the way .05 is the cutoff price for raising capital in Canada so they have to hold that price.

Rio Tinto Commences Drilling on Pistol Bay's
C-5 Uranium Property:

Pistol Bay Mining Inc. (TSX-V: PST) is pleased to report that Rio Tinto Canada Uranium Corporation (“RTCUC”) mobilized a camp crew and drilling commenced on the property in mid- January, 2014.