Quick notes on PDG NEWS...Terriffic NewsThe overall estimate for total ounces of Gold has increased tonear/about 4 million ozs..This is superb, not only for the ozs themselves, but for the probability of expanding that number much more in a number of ways...As we all know, this area has been the host for much DEEPER and higher grades deposits, as an example is Hemlo, sfter working for years, and only finding similar results to Magino, a few million ounces,suddenly when they decided to drill deeper, and BINGO.The Motherload.!!!!
Mr. Mahar has mentioned many times that this so called conceptual open Pit is only about 250 to 300 Ms. deep. but also they know thru Geophysics,and other neighbors, that this mineralization extends much deeper, and so to the 600Ms level would naturally expand the Gold ounces close to 9 to 10 million ounces, and that is just in the concept open pit,so far...Suffice to say tas I have been saying all along. PDG is a longer term hold, WE may yet find that Motherload, certainly all the signs are there, IMCO....
I suspect this news will add to PDG to at least $1.40, with alittle bit of Spec it may hit $2, and as the confirmation of deeper mineralization becomes evident, and that number of ozs continues to expandit will go much higheer, which should feed on itself, with MAJORS eventually fighting for this Superb deposit, one of the few in this area of well developed safe and sound of central Ontario....Good luck to all who hung in thereyou have been and will be handsomely rewarded over time.........Enjoy the ride UP....
M99