NYSEAM:PZG - Post by User
Post by
rgrieveon Jul 10, 2010 5:54pm
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Post# 17259949
Chart Looking Good
Chart Looking GoodPZG chart held support at the 1.20 area and made a nice 6.0% move up from that level. With the buy out of X-CAL and news from that transaction along with continuing news on the Mexico project we can expect a run up to challenge the 2.00 level and perhaps a break to new highs.
I see a whole new level of interest in PZG coming as the true value of X-CAL's Sleeper project registers with investors. The primary focus of Sleeper is gold and combined with PZG's silver project in Mexico we should see very favorable reaction in the investment community to these two flagship properties that PZG will own 100%.
The number of shares outstanding is modest when looking at the potential number of ounces in the ground that PZG will now own.
I think we have a real winner here.
GLTA
rg