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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (31407)	7/8/2008 5:44:46 PM
From: Madharry	of 78704

I probably sound like a broken record on plg.to but for my own amusement based on 13 million ounces I calculated how much gold a share of plg.to controls and it turns out to be a shade under .09. that resources is calculated I believe for $700 gold so right now one controls $80 of gold per each share of plg.to. Obviously there will be dilluton as the mine gets built and costs will be anywhere from $450 to $650 depending on what part they are are mining. However, if the price of gold goes to $1200, that number goes up to $108 and most of the difference becomes pure profit. this is just based on detour and doesnt take into account the ghana potential. Thats why I believe that anyone who wants exposure to gold should own some PLG.to.

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