Pelangio Exploration Inc V.PX

Alternate Symbol(s): PGXPF

Metals & Mining Gold

Pelangio Exploration Inc. acquires and explores prospective land packages located in gold belts in Ghana, West Africa and Canada. In Ghana, the Company is focused on its two 100% owned camp-sized properties: the 100 square kilometers Manfo property, the site of eight near-surface gold discoveries, and the 284 square kilometers Obuasi property, located four kilometers (km) on strike and adjacent to AngloGold Ashanti's high-grade Obuasi Mine, as well as the Dankran property located adjacent to its Obuasi property. The Manfo project is located in the Sefwi-Bibiani greenstone belts of the Paleoproterozoic Birimian of southwest Ghana, about 15 km southeast of Newmont's Ahafo gold mine. The Dankran project covers an area of approximately 34.65 square kilometers contiguous to the northeastern corner of its Obuasi project. Its Canadian properties include Gowan Property, Grenfell Property, Kenogaming Property, Hailstone Property, Birch Lake Property, and Poirier Gold Property, and others.

TSXV:PX - Post by User

Pelangio Exploration Inc

Bullboard Posts

Comment by risky_venturaon Dec 31, 2010 1:14am

456 Views

Post# 17909813

RE: SOLID

"some DD" What is that? Does it validate the notion that PX has found a solid bottom?

I'm long PX and consider it a risky, albeit sensible investment. The downside risk (~50%) pales in the face of its upside prospects (~100 to 300%) within a 12-month time frame.

The CEO seems capable and admits that PX has been lucky. Manfro's results could not have been anticipated.

My downside and upside guesstimates are hunches that assume no collosal surprises: POG holds around current levels, Iran keeps Ahmedinajad under control, and Helicopter Ben continues to validate Ron Paul's rationale for getting rid of the FED.

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