Primary Gold (PGO.ASX): Flying under the radar and set for significant growth

Adam Kiley

Primary Gold (ASX:PGO) is developing the Mt Bundy Gold Project in the Northern Territory which has an existing resource of more than 1.2Moz of gold spread across three deposits. These include the shallow, low strip ratio Rustlers Roost deposit (795koz at 1.1g/t), the high grade historical Tom's Gully U/G mine (315koz at 8.9g/t) and Quest 29 deposit (148koz at 1.4g/t). All resources are located within 10km of each other, providing the opportunity for a large scale bulk operation targeting >150,000oz per annum production over a minimum 6 year mine life. Significant opportunity also exists for the Company to grow the existing resource base as the Mt Bundy project also has a substantial exploration package (1,500km² of tenements). These tenements have had very little exploration in the past 20 years, despite more than 60 gold occurrences being identified to date, which include a number of gold outcroppings at surface. Valuation: We see significant upside in the current share price ($0.10 / share) as we value Primary at $0.30 / share.

3 topics

Adam Kiley
Adam Kiley

Adam is the Founder and Principal of (TSI Capital). TSI provides equity analysis of listed companies, however, is different from traditional providers as TSI presents its analysis in a video format. This includes...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment