Re: PEA RELEASE....WOW..!! Break out the Ripple!!
in response to
by
posted on
Dec 22, 2011 12:50PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
If I take the new resource estimate with 100 % of 2.18 million Indicated and 50 % of 1.72 million Inferred( 0.86 million) I get 3.04 million oz. Using $ 100/oz and 259 million shares FD that gives a rough price of $ 1.17/share, which is within the range posted here from the analysts ( $ 0.85 -$ 1.25). PDG is worth more than a buck and it looks like the strategy now is to get as many to sell as possible under a dollar. I'm not sure what I'll do yet, I agree with the earlier posts about maintaining a large cash position and waiting to see how the EU situation unfolds. It's paradoxical that gold drops when the EU crisis gets worse but a plausible explanation is the need for the central banks to lease their gold to raise cash so they have some liquidity. It's a temporary fix but painful to watch.