Maybe I should explain a bit.

Bulk gold deposits have grades around 1 gram per ton. That rock is worth $44.81. Not counting they won't be able to recover all of the gold and all CAPEX that is required to build the mine along with operating costs ect. A low cost producer can produce gold for about $400 an ounce.

Now factor all that in and and then look at what we will be putting in our bank account.

We will make about $20 per ton PROFIT in 2011. And at 3,000,000 tonns a year we will have a mine life of over 70 years. And there is still significant exploration potential...

Not to mention several cost saving measures that will take place after production ramps up to lower our costs... And there is also a way we can double production to upwards of 7,000,000 tonns of coal a year while cutting transportation costs and this plan looks very attractive. I can't wait to see the off takes in the next few weeks.

And did I mention that we can use cashflow to double production not water down the shareholders with more paper?

We have an early Christmas present year.

PCY on sale for $1 a share