RE:RE:RE:Pricing of PP ?This $1 US seems accurate to me. But in 6-8 months we could be looking at 6 million ounces or more and a $1.50 SP or buyout. If gold gets to $1400 US then the price goes up. If Lamaque Deeps yields a bonanza then we are looking at $2 US SP easily I would think. Just my opinion.
PMInvestor08 wrote: I have the same. This one is an"average up" stock. They will be taken out.
They just need 6-8 more months to prove gold potential in the other deposit per
the Zurich gold presentation. This will get them and us a fair price.
They now have all the funds they need to do the drilling. Drilling has been extremely successful so far. They have done the Triangle and Parallel and Plug 4/5. Now thay are going back and doing the legacy stuff. Not that complicated with a new set of smarts.
They are valued at $100 per ounce in the ground (so far) plus another $80-100M for the mill and equipment, etc. As deJong mentioned, they are achieving $100 for each proven out ounce so it makes sense to keep drilling.
They can be bought at any time. They have very high industry profile and they are in Canada.
$275M USD ... they are worth closer to $400-500M USD or about $1 USD.