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Paramount Gold Nevada Corp. Message Board

  • forwardflash forwardflash Feb 1, 2013 1:59 PM Flag

    By the way the PEA has been out for a long time

    The CEO of Paramount Gold and Silver Corp. (PZG) bought $3.95 million dollars worth of his company's stock a few days ago. Additionally, a director of the company bought $423,000 worth of stock just prior to the CEO's purchase. The company fundamentals look unimpressive, basically because it is a development-stage company that is not making a profit yet. But analysts expect it to earn .07 per share next year, giving Paramount a forward P/E of 31.57.

    Recent news: Test results at their two mines have come back quite good since September. The preliminary economic assessment at their Sleeper Mine in Nevada predicted a 17 year operation with annual gold production of 172,000 oz and pre-tax NPV of $695 million at a $1383 gold price. There is even more measured and inferred gold deposits at the San Miguel Mine (Mexico) than at the Sleeper Mine, with a higher gold content per ton. The market cap is currently $326 million dollars. This seems to indicate to me that its value in a buyout could be significantly higher.

    An additional positive for this company is the fact that its operations are located in stable countries. Unlike the recent troubles for companies with mines in South Africa, the major mines for Paramount are not experiencing labor issues because they aren't producing much yet, but even if they were, their locations in Nevada and Mexico make labor unrest less likely.


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