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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (36668)	5/4/2007 7:30:27 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 78421

Paramount Gold (PGDP) -- Tremendous news yesterday, their next door neighbor gets taken out for a billion $$$, plus they report more encouraging drilling news. Some excerpts from the CDE/PJO PR that are relevant to Paramount's San Miguel project: "The Palmarejo project is one of the highest-quality primary silver projects in the world today The Palmarejo project, expected to be one of the world's lowest-cost primary silver mines, The Palmarejo project's anticipated low operating costs are expected to materially reduce Coeur's overall cash costs, making Coeur a competitive low-cost producer in the sector. Following the commencement of production at the Palmarejo project, Coeur anticipates that its operating costs will be below $2 (U.S.) per ounce of silver (after byproduct credits);" From what I'm hearing on the 'Street, Paramount is in the process of applying to move up to the Amex. Pursuant to the terms of their latest financing, they also must become listed in Canada, by no later than 9/30. The firms that placed the shares in the latest equity raise represent a "Who's Who" on the Canadian capital scene. Per the 4/2 PR: "Blackmont Capital Inc. acted as lead agent in connection with the Brokered Offering and the syndicate included Haywood Securities Inc., Canaccord Capital Corporation and Raymond James Ltd. (collectively, the "Agents")." These firms are just patiently waiting in the wings for the Canadian registration to hit, at which time they will all likely be putting out glowing analyst reports touting Paramount as being "the next PJO". There is no rush here, they only get to play this card once so the more drilled out this San Miguel project is at the time of Canadian registration, the better the story will be. I bought a bunch more shares yesterday and plan to add more on dips under $3.