Paramount Gold Mining Corp. (AMEX:PZG)
A natural resource company engaged in the acquisition, exploration and development of gold, silver and precious metal properties.
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I love the discounted price. I expect it to be up to $3.50 by this time next year.
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Gold is still top of the mind for most investors.
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Great reserves, dwindling resource=great value to buyout or begin mining partnership.
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Sinch. article
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http://www.fool.com/investing/general/2011/11/17/the-remaining-bargains-in-gold.aspx
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Will continue to do well until Gold pricess drop, which won't happen for a long time.
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Valuation of proven gold and silver selling at 10% of metal's value. Adjacent miners are likely buyers of these proven resources or the company as a whole.
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With these latest test results and the fact that PZG has been transparent the whole time about their being an exploration company,not a mining company, I believe that this will be a 5-bagger at a minimum. The mining company besides them is in full operation with all the infrastructure in place, both digging and selling their gold on the open market. If they dont buy PZG, they will be allowing an easy decision to any CEO and board of directors to buy them out now to turn instead into a bidding war with other companies. The big mining companies know the whole business and have to be efficient and cost effective. If you only need to dig because the explorers have already done the discovering, enormous exploration costs have already been averted. I know they stated they cannot afford to begin mining operations without a partner in their latest 10k dated 09-12-2011, but they never intended to mine the property from the beginning.
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Precious Metals/Commodities
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Great management! Am in it for long term appreciation!
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GOLD AND SILVER ARE CLIMBING. I expect Paramount gold to do the same. Silver should hit $5o/oz. by 4th of July.
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All drill holes are positive. Company Continue to indicate positive results, with all engaged projects. Expect it to be a takeover target, expect share price to rise to 12.00+ and then again on takeover announcement.
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Paramount based on previous news releases is expected to update their resource report by the end of March 2011 with at least 5,000,000 ounces expected. Stock should triple or double near term. They are updating their sleeper resource report in June 2011 and they have been finding more gold then expected in the sleeper mine.
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silver and gold
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Silver will rise in price twofold if not more and this will leave pzg in a very healthy position.
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Great stock to put a limit order at $3/share and trade the bounces. This could be an easy 2 bagger.
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Gold!!!!!!!!!!!!!!!!!
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likely they'll strike gold
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Gold is trending up with new highs as of today. Until the economy stabilizes, people will flock to gold for asset protection. Once the economy rebounds, they will move to gold for inflation protection.
Unlike their parents who actually had gold currency in circulation, Baby Boomers seemed to have forgotten that Gold is a real, tangible asset. It's price lingered for decades as a result of their favor for stocks and bonds. The current economic crisis has refreshed the memories of investors so I don't see gold going out of favor again for at least another decade. (how long is our short term memory in the US now anyways?)
This is purely a speculative play, but at this price one can afford to do so. At current gold prices, their proven 2.65 M oz. reserves equate to $3.3 B value which would equate to $30/share. (not suggesting that is a proper valuation) I anticipate that they will discover more as they continue to drill on their properties.
Keep in mind that these guys are not in the business of running and operating mines. They are an exploration and land holding company that is much more likely a takeover target for another larger company that will actually put the properties into production. It is also possible that they will partner with another producer. At some point, they ae going to have to start producing some revenues.
If you can afford to wait it out, there is real upside potential here. Expect a possible additional stock offering to offset some exploration costs. I could see a takeover once their reserves are proven at 3-4 M oz.
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