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Gold/Mining/Energy : Endeavour Mining (EDV.TO, EDVMF) -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (259)	11/11/2007 12:19:14 PM
From: Madharry	Read Replies (2) \| Respond to of 544

RE PLG.to Pelangio: from another thread: After Phase I & II drilling (100,000m), I believe Detour will have at least 6.5+ million ounces M & I. This is predicated on $575 gold up from the original $450 gold resource estimate. The drill results from Phase I have exceeded expectations in all areas of the open pit, especially in the gap zone. Some of the most recent drill results have been outstanding: 2.48g/t over 110.5m 2.69g/t over 91m 2.5g/t over 120m DGC have found additional ounces in the gap zone, hanging walls and extended the site of the Calcite zone. The additional 20,000 m drilling program just announced will only add to the known resource and lead to a bigger open pit. I estimate that Detour Gold will have close to 8 million ounces M & I (assuming a $650 gold price) by the end of 2008 with a BFS in hand. In addition, they have the luxury of already holding a mining permit in a mining friendly location (this will give DGC a premium valuation compared to its peers). Consequently, DGC will have all the majors looking at them for at least $200/oz. This gives DGC a valuation of $37+ per share. DGC has huge leverage to the price of gold. If gold continues to move up from here then $37 will be a cheap purchase for any acquirer. I still do not know how to value the Trade Winds JV gold resource (approx. 3 million ounces total), so I have left this out of my calculations. If 8 million ounces doesn't do it for you, it doesn't hurt to have one the best management teams in the world running the company. GLTA Auingot If you believe this poster and i dont think its outlandish because another canadian company was recently purchased for $150 per ounce in the ground, that would make plg worth at least $10 canadian without its ghana play. Plg.to continues to be my favorite gold exploration company. PLG has 20 million shares of detour gold, and 71 million shares outstanding. it closed at $2.40 can. on friday.