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Paramount Gold Nevada Corp. Message Board

  • ortmanny123 ortmanny123 Sep 27, 2012 9:03 PM Flag

    What would be a reasonable takeover bid for PZG? Please opine.

    Since PZG has about 40 million ounces of silver and about 4 million ounces of gold in measured reserves, what do gold companies pay for ounces in the ground? Any opinions would be greatly appreciated. I am thinking of around $6 or $8 takeover price.

    Sentiment: Strong Buy

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    • There is a difference between what it is worth and what someone will pay.

      Yes, it worth $9-10 / share but at today's $2.66 close you can only expect a bid in the low $4s level, with $5 the max price especially if there is another bidder.

      Crupi has indicated he needs to get the pps up before getting more serious about selling well above this sub-standard $4-5 range. So it seems he will do that throughout 2013 so he is well positioned by early 2014... at which time gold will be well above $2000 anyway. that should cement a deal price well above $8..He should put on more drill rigs to ensure that he leaves 2013 with loads of data.

      CDE will need to address their dwindling reserve base by then should be interested in acquiring both PZG properties. It will help, too, if gold is well above $2000. Gold was up 11 % in the September quarter so another 11-12% will do it.

    • There is a difference between what it is worth and what someone will pay.

      Yes, it worth $9-10 / share but at today's $2.66 close you can only expect a bid in the low $4s level, with $5 the max price especially if there is another bidder.

      Crupi has indicated he needs to get the pps up before getting more serious about selling well above this sub-standard $4-5 range. So it seems he will do that throughout 2013 so he is well positioned by early 2014... at which time gold will be well above $2000 anyway. that should cement a deal price well above $8..He should put on more drill rigs to ensure that he leaves 2013 with loads of data.

      CDE will need to address their dwindling reserve base by then should be interested in acquiring both PZG properties. It will help, too, if gold is well above $2000. Gold was up 11 % in the September quarter so another 11-12% will do it.

    • $9-12 as it sits right now. But they do NOT have reserves as you state. Right now they only have resources which are much less geological conclusive than reserves. More drilling and assay testing will allow them to report reserves in a feasibilitt study and not just resources. That is where the big $$ is goiing to be. Seeker below correctly points out that $300-400 per ounce is a market place measure of Au equivalent.

      • 1 Reply to howlonmoon
      • Big difference in resources and proven reserves in value and marketablity. $8-10 today. $9-12 is possible. Sell will be in properties and parcels of properties. Mexico may have the potential to increase the value to the point that we don't want it sold for several months while it's being proven. We are holding a winner let's ride it to its potential.

    • Using the interview I want to clearly define the statement that Paramount is undervalued.

      1) Similar reserves have recently been bought out at $300-400 per oz.

      2) We are trading less than 20% of that. We are trading closer to the $40-$50 /per oz range. (thus undervalued)

      3) Chris will be informing the market more aggressively as this year continues with a goal of getting our $/oz up multiples of that $40 area.

      So taking a position now should be VERY low risk / high reward opportunity. Going forward we should see pps trending higher as we wait for the real goal - A buyout for something in the $300/oz range. Or $10+ per share area.

    • if that was the price, then the share price as it sits is all we are going to see, untill the day after that NEWS release.

 
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