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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?


To: hubris33 who wrote (12156)9/17/2014 4:31:02 PM
From: LoneClone  Read Replies (1) | Respond to of 12175
 
I am fully loaded on PG as I replaced the shares I sold over $5 a few years ago under $1.50 last year.

Why does Hardrock make them a takeover candidate. Hardrock now has almost 8mm oz of gold with plenty more to be drilled up, and the PEA they put out earlier this year was more than good enough with a 23% IRR at $1250/oz.

That size of deposit with those kind of economics in a safe jurisdiction like Ontario would definitely interest the majors. That said, any such move might not happen till they release the FBS next year.

LC