Mr. Maher, not at his desk in months....He must be very busy indeed....A fews ago I would have written totally off, the talk about RIC, chatting up PDG, and the reason given me was the diminishing Gold ounces, or at least the non increasing Gold ounces in their portfolio...RIC has 2 Gold mines, 1 in PQ Francour, and another next to magino...alltogether, as far as I can tell, RIC has close to 2 Million ounces of Gold at a grade of 2.4 g/t...Jowever RIC is trading @ $6.50, no that.s no typo....lol.. also trades in USA.....
RIC only has 30 Millions shares out and thus the differencebetween these 2...I would say PDG game now is...to complete current drilling, and complete sometime later, a new 43-191, which I am convinced, that this 20,000 ft drilling , will increase Magino's reserves substancially....I also note, that some visable Gold has been talked about by a number sources....Knowing Mr. Maher as I do, He would want to be on top. of any merger, however, I also understand the rush to prove these additional ounces, a new NI-43-101 official, perhaps a total 3 to 4 millions Ounces, just to the end of this current drilling program....Of Course Mr. Maher believes there is far more Gold mineralized areas in the 20 sq. miles of Magino deposit area, thet is mostly untouched, so he does not want to give the HUGE potential of these 20 sq. miles around Magino...Mr. Maher, may or may not wish to deal with anyone,until the true value in the gound of Magino, is much better known....Last one....This in some way proves that Magino abd PDG, are now on the radar screen, of any and all mid-teer producers. who are always in search of new Gold ounces, especially in a solid/safe/rich country like Canada/Ontario...
Either way, or both ways PDG has only 1 qay to go, and that is UP!!!!
M99