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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Mr. Aloha who wrote (32864)2/15/2007 8:56:35 AM
From: Ed Ajootian  Read Replies (1) of 78417
 
Mr. Aloha, Paramount Gold (PGDP) -- So far they have drilled through 7300 meters, about 54 holes, and have discovered about 38 mm oz. of silver equivalent inferred resources (50:1). They estimate they have put holes in about 40% of the overall mineralized area so far. They are planning to drill through at least another 25,000 meters this year, and up to 50,000 if they raise the required cash.

Palmarejo has drilled about 700 holes so far and has discovered something like 150 mm oz. of silver equivalent, some measured some still inferred. PJO.V's market cap is around 10 X Paramount's. Paramount's San Miguel area is right next door to Palmarejo's and so far appears to have very similar geology to Palmarejo's.

I realize that Palmarejo is way ahead of Paramount, but I believe PJO's project represents a reasonable estimate of the potential value that Parmount could achieve, in just few more years of drilling. I believe this potential is not being given adequate value by the markets at this time.
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