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A natural resource company engaged in the acquisition, exploration and development of gold, silver and precious metal properties.
Paramount does not expect to generate revenues from the San Miguel project in the next year. Further, it is not Paramount's objective to enter the mine management business. Rather, the Company hopes to identify a resource that will enable it to attract a larger company to partner with this company who has experience developing and managing a mine.
Large miners are buying assets like these for up to $1,000 and ounce Au right now. San Miguel just struck 6.83 Au along 550m, according to what I read today.
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