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A natural resource company engaged in the acquisition, exploration and development of gold, silver and precious metal properties.
"Never buy a stock based on its being a takeover." But PZG is the exception that proves the rule.PZG's de facto parent, FCMI, is grooming it for the exact same trajectory as Arizona Star. There is no desire to make this a stand-alone operating company. It will either be folded into FCMI's biggest "bet," Seabridge, or sold to a well-heeled outsider. The rumor mill has both NEM and Barrick looking at it closely.Note that it was Barrick which bought out Arizona Star, with the exact same Cast of Characters, at 18 dollars a share. It had been trading at 3 dollars a share a few short months earlier.The company operates only in politically safe areas, and drill results get better and better.If the PMs have a big rally the end of this year, PZG will likely be taken out in 2012. Otherwise, the target is first half 2013.
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