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Paramount Gold and Silver Corp. (PZG) Message Board

  • ortmanny123 ortmanny123 Jan 29, 2013 4:21 PM Flag

    Is PZG being looked at by CDE???

    CDE just raised 300 million dollars. They have a mine next to pZG's San Miguel project in Mexico. CDE didn't need the cash. They said they are looking for external acquisitions. Why not now while prices are way under valued? CDE and PZG, a match made in heaven!

    Sentiment: Strong Buy

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    • Why not buy a junior as if silver price was still just $13.50 as it was in 2007 when they bought Palmarejo and paid $1.1B in stock at the time or 50 % of the company.

      The junior PM sector is the most depressed relative to the intrinsic metal than they have been in a generation. If you are in this business, then now is the time to exploit !!

      Today silver is $31 and I assume their internal forecast may peg the price closer to $40 in 2-3 years from now when they might start moving dirt ..

      So CDE gets PZG at 2007 silver prices of $13.38.. much lower costs than th upcoming PEA as they are in the near vicinity with existing large infrastructure that they can port over... a huge cost advantage.

    • Boy, you can say that again!!. It would be mostly stock deal, but CDE stock
      price is attractive at $23, or 10X PZG share price. That seems to be the constant exchange rate. When CDE was in the high 30s PZG was $3.50-3.80
      at the time Crupi was selling out. Now it's still 1/10th the price of CDE so still a great deal for CDE. Maybe they use some cash like $200M and we get 1/10th CDE share of each PZG for the balance, eh ?

      $600M deal, $200M cash $400M in CDE stock. Like buying silver at $3 which they did when they first bought Palmarejo in late 2007 but silver was $13.38 at the time, today it is 2X. Further, CDE gets some good gold content which they also desire to grow their gold production.

 
PZG
1.00+0.06(+6.38%)Dec 24 1:02 PMEST

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