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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (26032)	2/15/2007 4:14:53 PM
From: Madharry	Read Replies (2) of 78698

To me there has been lots of good news in PLG.to that has not been reflected in the share price. they had a couple of large deposits one in canada and one in ghana but not much cash. they monetized the one in canda by bringing in hunter dickinson setting up a new company called detour gold. detour gold had an ipo of 10MM shares at $3.50 canadian. plg got a 47%ownership of the company consisting of 20MM shares plus $5MM canadian so they can continue to develop the ghana prospect, a huge area like 241 sq. km, which is right next to some major producing mine. What is exciting to me is that that the share price of detour gold continue to hold up around 3.40-3.50 making the nw of the company around $75MM the market cap of plg.to is around $78MM meaning the ghana deposit is just about free. Sprott is a heavy investor in this company, which is also loved by J. Taylor a newletter scribe who frequently appears on ROB.TV. I am pretty excited about this one.

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