Dollar valuation for in ground Gold proven..I have recently compared PDG in ground known Gold officially at 1.98 Million ounces, so far expected to go to at least 3 to 4 Miliions ounces , by the end of this 20,000 drilling open pit utlay, by late fall...when compared to RIC, who only has 1.9 Million ounces,of Gold, with PDG haviing 80 milliion more shares outstanding, than PDG..In my view, what reallly makes the count, is the number of ounces, and NOT the grade....When we look at the pure value, PDG wins ...So why is CIT tradingbetween $6to $7 per share over PDG, who has less shares out than RIC...RIC has 234 Mill shares out, and PDG has 185 Million shares out.
PLS Do not misunderstand my reasoning here.......RIC is a fine compay with great properties and potential in that rich part of WAWA Ont. The main point I am making is that the Market has given RIT and numerous others in that areaa high $ value,which in my view is warranted,when one considers the price of Gold to day and the scarsity of Gold upcoming in the nearby furure in this area of Ontario, v. stable surroundings, in a number of ways like politically, and a welcoming Canadian infrastructure...I am saying that RIC is properly priced..The key here is which mines are going to perform best...I would say one can take an educated guess, that PDG has IMV
a better change of putting up the ounces numbers, since extremely little drilling has been in the 20 saquare. KMS
which surrounds MAGINO, and that is where I believe most of the Gold sits...
So what we have today is an undervalued PDG, with incredible potential, for the remaining 20 square KMS surrounding Magino, but more importantly, extensions to depth...This are is know for it.s hihj mineralizatiom at depth...And in that thought, CIR,s drillling, has gone much deeperhan PDG to get their current ounces total.. deeper is where Geology says the BIG Gold lodes are....so from that point alone, ODG seems to have an advantage od the unknown, especially with a Geologist team of super talented and extraordinary group of Geologists lead by Mr. Maher...We may be a slower Gold price rise, because of their desperation to hold Gold here, in order to prop up the US$, but I can assure you, that this situation will NOT last long..and the Gold price, along with the Gold sentiment and thus interest, will be here very soon indeed
mellow99