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04/04/12 11:03 PM

#86835 RE: John Stephens #86822

Agree in general about the presentation. Informative and I gained some insight into the company. Nothing really there to spike the price up near term, not sure if it will go back to the .013 - .016 range though. Could be that we're in a new trading range .016 - .025 I guess we'll find out tomorrow.

Seems like everything is moving in the right direction IMO, just a matter of time for it all to fall into line. This is not for the quick flippers, but as long as gold prices stay in the current trading range, longer term PCFG has great value IMO.

Hopefully the recovery rate were better in the 1Q12 than they were 4Q11. If the geologist is any good they should be. I was a bit disappointed they didn't give us any idea what kind of numbers to expect. I am going to send them an e-mail suggesting that they release that info in a timely manner instead of making us wait for the next 10-Q. Doesn't seem like it's too much to ask.

I meant to submit a question asking them why they didn't inform us sooner when they encountered the initial problems last year after production started last year. I may include that in the e-mail as well.