GREY:KXLAF - Post by User
Post by
mellow99on May 26, 2011 10:34am
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Post# 18628216
PDG vs Osisko glimpse compare...
PDG vs Osisko glimpse compare...For those who think 180 to 210 Million shares that PDG will have out after these PPS come out, I have NEWS for you....
GOOD NEWS....Osisko has over 900 million shares out, trading around $14....
There are many companies now looking for an mining lower grades of Gold, including a popular one, OSISKO mines in PQ...It is a long story, but I.ll just gove you the FACTS...I will state for the record...They are mining Gold Grades SUB 1 gram, and they can do this now, because Gold has gone UP to over $1500 and looking to go higher according to the major institutions who follow Gold....to $2000 by the end of this year.Also the miining , extration, and recovery methods have been updated and upgrade, that it is now possibleto recover, down to .40 gmt...We have much higher grades in our reserves so far...
SO far they have about 10 Million ounces at .80 gmt to just under 1 gmt, and have uncovered 10 milliion ounces or so,after about 900 million feet of drilling...
Pls note that a 1 Billion $$$ PP was done a couple years ago, so practically NO PROBLEM finding moneys, some major bankc were also involved....so...I would not worry in the least, about the small number of shares that PDG has...relax....sit back, put your feet up, and ENJOY THE RIDE....likely Once in a Lifetime.....Good luck all PDG holders...
and BTW...thanks for the head's UP...will go tomorrow and deal with this dead keyboard
Mellow99