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

To: loantech who wrote (43545)	6/29/2007 6:15:00 PM
From: AuBug	Read Replies (1) \| Respond to of 78419

Anybody take a peek at Peak Gold (PIK.v)? I bid on their warrants (4/13/2012 c$1.50) as well as GMC.wt.b and adding to EPM.wt.b but no fills today. With any luck the cheap paper has been flushed out of PIK's system and a bottom put in. Peak Gold Ltd. is a new intermediate gold producer with two operating assets: Peak Mines in New South Wales, Australia and Amapari mine in Amapá State, Brazil. The operations were recently acquired from Goldcorp. Peak Gold is forecasting production of 220,000 ounces of gold in 2007 with a cash cost of approximately $340 per ounce. Peak Gold has an active growth strategy, which will allow the Company to triple production by 2008. peakgold.com Shares: 725,541,396 ($2,800 MC/AOP)*(220,000 AOP)/shares = $0.85 And that does not take into account the copper. If it triples by 2008 as claimed then we could be looking at north of $2.55 - 1.50 strike price for $1.05/0.31 = 3.4 bagger in a year and a half or so. tsx.com