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Bullboard - Stock Discussion Forum Gen III Oil Corporation V.PGK

Energy Metals & Mining Oil & Gas Refining & Marketing Gold
"GEN III Oil Corp operates as an oil processing company in Canada. The concern owns the ReGen re-refining technology. It provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products... see more

TSXV:PGK - Post Discussion

Gen III Oil Corporation > Lower Gold prices should make PGK a takeover target. So why is it 3 cents?
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Post by AuntiePenny on Jul 08, 2013 9:24pm

Lower Gold prices should make PGK a takeover target. So why is it 3 cents?


Note that property 1 is near-surface and very rich - therefore profitable at any bullion price. With lower gold prices such a property becomes especially attractive to majors who are saddled with low-grade, hi-cost properties they can no longer afford to mine.
So what's the true story here?
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Gen III Oil Corporation