Pure Gold Minerals (PUG)-TSE Message Board

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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE

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To: JKNF who wrote (584)	5/11/1998 10:13:00 PM
From: Famularo	Read Replies (1) of 1030

Emerging Growth Stocks by Louis Paquette had an update on Pure Gold Minerals which I found real interesting. With permission from EGS here it is. PUG a take-over target? Pure Gold is estimated to be worth about a third of the value of Ashton, which would price it at $1.20. But instead it languishes at about around $0.84, or less than a quarter of the value of ACA. I have previously stated that Debeers is so far locked out of the main discovery - but could that change? Could the low share price make PUG a take-over target and open the doors for Debeers? Or could Ashton use this as an opportunity to take control of the play? Or is Southernera SUF.T ready to enter the fray? This would resolve two issues - Pure Golds possible inability to keep up it's financing obligations, and it would satisfy a major's thirst for the play. And it would certainly inject some further credibility and excitement into the ADP. For more information on EGS contact Louis Paquette Publisher EMERGING GROWTH STOCKS Covering The VSE, Junior Mining Stocks, and Special Situations #102 - 2020 Comox Street, Vancouver, B.C. V6G 1R9 (604) 687-5772 lou@stockhouse.com stockhouse.com info-mine.com howestreet.com

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