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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Elizabeth Andrews who wrote (464)3/26/1998 7:04:00 PM
From: Robert Dydo  Read Replies (1) of 892
 
It is getting late, I don't think we will see it today.
On the topic if Gabriel is the target (I don't see other way), we have options:
1/50/50 property with the cash payment and financial obligation which would allow bigger stake for PVO.
2/Merger creating a new company,consolidating assets and swapping shares on ratio. In this case the calculation could be beneficial to PVO for reason of having most desired asset by any junior which is cash. At the same time any existing proven and probable resources will have its reflection in this ratio as well. The most logical situation if again this would be GBU 1 share of each company for 1 of new one.
About $14M in cash, warrants in hand of Teck Corp.
65% of 2.2M oz in Rosia Montana and another 50% of 1,1M oz from Castle Europa acquisition performed by GBU.
Not bad for start.
Outstanding shares in the figure of 30M.
Regards
Robert
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