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Pinestar Gold Inc. V.PNS



TSXV:PNS - Post by User

Post by WhiteFoxon May 29, 2011 9:55pm
304 Views
Post# 18642335

Yamana's Florida Mine

Yamana's Florida MineMentioned in section 10 of the NI 43-101 at https://www.pinestargold.com/images/TechnicalReport.pdf , Yamana's Florida Mine is also referenced in Friday's news release. As noted on Yamana Gold's web site at https://www.yamana.com/Operations/ProducingMines/MineraFlorida/default.aspx , the Florida mine boasts 668,000 ounces proven and probable plus 372,000 ounces measured and indicated. In 2010 the cost of extraction was $416 per ounce. Rough math makes that mine worth $1 billion. It is too early to suggest Pinestar is drilling another Minera Florida, making PNS worth many times what it currently trades at, but if sampling and drilling continues to draw comparisons I for one will keep holding. GLT
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