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Pelangio Exploration Inc V.PX

Alternate Symbol(s):  PGXPF

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

Bullboard Posts
Comment by Sibo1on Sep 23, 2012 7:25pm
168 Views
Post# 20405046

RE: RE: RE: RE: RE: RE: RE: RE: RE: Amazing opport

RE: RE: RE: RE: RE: RE: RE: RE: RE: Amazing opport

Goldpet, PX will turn around on its own.  An extensive series of discoveries such as those PX is drilling off in Ghana will not be ignored by the market forever.  Particularly when they're within spitting range of Newmon and Kinross.

Currently the market is focussed on small producers and near producers and those shares have appreciated nicely in the last few weeks. Explorers such as PX and others need only be patient as winnings from the producers trickle down to developing deposits.

Given the similarities of the Manfo to Newmont's great Ahafo ( now an incredible 20 million oz and scheduled to be producing 1.7M oz/yr) PX will be one of the early winners in the explorer race.  Look at the current price as a gift.  I did and bought 20K more shares on Friday.

Bullboard Posts