GREY:KXLAF - Post by User
Post by
mellow99on Apr 07, 2011 11:30am
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Post# 18399031
PDG WAY UNDERVALLUED---Mr.Maher
PDG WAY UNDERVALLUED---Mr.MaherHere is asnippet from an iinterview of Mr. Maher
, who suggest we should be trading @ $150 an ounce...I have been saying that siince we took over MAGINO....
MAGIC MAGINO will continue going UP st least $3.00 at todays reserves, as the RUSH continues...
look at your share price and compare it to your peers and it’s instantly clear to me that you’re being discounted for something there? BM: We see that as well. Right now we’re trading for $25 or $26 per resource ounce in the ground and our peer group, those with an advanced project in Eastern Canada, are getting upwards of $150 per resource ounce in the ground. That does make us dramatically undervalued but perhaps that is the opportunity that we’re presenting to the investment community and recognizing that we’ve only had this resource out for five days and the PEA is still coming, drill results are forthcoming and a new resource update in the middle of the year followed up by full feasibility. There will be plenty of benchmarks along the way for re-valuation of the company so that we do achieve the valuation that...
WE are trading for $25 per resource Gold, when the market is trading on an verage valuation$ 150 per ounce in the ground
M99