Wow!!! I can't believe the action on this thread this evening!!!
gennady, I seriously doubt that we will see another consolidation with PUG ever again. Perhaps I shouldn't say that, but I will, and I'll tell you why!!!
PUG and ACA have 23 kimberlites with 16 that are diamondiferous, some like K14 that we are waiting for a 450 ton Bulk sample result, others like K 11 are in the mini- bulk stage, not to mention newly aquired lands by PUG and also lands disposed of by PUG as in the last press release. Hundreds of targets yet to drill, DMS plant will be constructed on site by early spring. PUG has a 15% interest in all of this!!! Surely this must be more valuable than the one Kimberlite that Montello has found, which if I'm not mistaken they only have a 30% interest in.
At the present time the market cap on PUG is 30,000,000 shares x $0.25 which equals $7.5 million, MEO based on one kimberlite is 33,000,000 x $0.40 which equals $13 million, market cap on ACA 30,000,000 x $1.25 equals $37.5 million. I don't want to take anything away from MEO shareholders since I am one as well however in my opinion PUG with what it has and potential yet to be seen is extremely underpriced, and I very much doubt that we will see another reverse split!!!
Regards
John |
