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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Ptaskmaster who started this subject5/9/2003 10:26:57 AM
From: Natasha_Kidd  Read Replies (1) of 4051
 
Ellsworth Dickson - The Strength of a junior
Talks about PMV

kitco.com

Here's just an excerpt from it , for any who haven't read the article.
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-- Arthur Fisher, PMI
We have a number of senior mining companies surrounding us - Ashanti, Gold Fields and Newmont," says Fisher. "We believe that given our exploration results to date, our share price has a good chance of increasing, after all, our market cap is only about $8 million and we are in the ‘discovery stage’ of our company’s life cycle. Our mineral land holdings are actually larger than Ashanti’s ground position."
PMI’s mineral lands are adjacent to the southwest of the Obotan gold mine that has recovered some 800,000 ounces of gold in shallow mining operations from a 3 million-ounce gold reserve. As can be seen from the accompanying map, about 40 km to the east the Ashanti and Tarkwa gold mines have produced about 40 million ounces of gold with some 40-50 million ounces in known gold resources. Just 30 km to the west the Sefwi Gold Belt hosts three producing gold mines that have recovered about 5 million ounces and have resources totalling 12 million ounces. In fact, past production and current known resources total more than 100 million ounces of gold all located within 100 km of the PMI property. At the present time, Newmont is developing two gold mines in Ghana at a capital cost of $450 million."
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