It has risen to these level on the shoulders of its progress. The future is set to continue as it has been for several years. Historic highs is justified. Look at the targets it sat last couple of years and met and then the target that it is going to make next few years. If our target is longer than a quarter then no need to get out while you can. Rather buy any significant dips. I have for years and I am up substantially despite all the bashing that we constantly see here.
Holding its gains well, as expected. It should continue to approximate the overall market with the long term trend of up. No crash as predicted by the bozos.
They always pull back at some point but I think we will hold most if not all of current gain. And then it will follow the over all market but long trend will be up.
The J.P. Morgan analysts also downgraded IBM IBM -1.01% to neutral from overweight, saying they were concerned that "investors could become less interested in the stock, given the company's limited upside
He did not really start that effort. Said he would be focusing on that later this year. He is just putting the info out there as is. You decide if you like and want to own or trade or just cry about it.
Yep no avoiding high volatility with this one. But with a gold exploration company it is the end game that really counts especially when buying at these under valued levels.
That would be fantastic. That would make less than $36/oz. Whoo Whoo compared to buyout value closer to $300/oz. SWEET
Sentiment: Strong Buy
The current resource estimate encompasses 639,000 ounces of gold in the indicated category and another 830,000 ounces of gold classified as inferred. For silver, indicated resources are now estimated at 53.6 million ounces plus an additional 46.2 million ounces of inferred. Infill drilling has been very successful at upgrading inferred resources to higher categories. Based on the long term gold-to-silver price ratio used by MDA of 1-to-60, the San Miguel estimated resource now equates to 1.53 million indicated gold equivalent (AuEq) ounces and 1.60 million inferred gold equivalent ounces (see resource table below).
Paramount Gold and Silver Reports Exceptional Drill Results From Its San Miguel Project in Mexico Including Intercepts up to 59.4 g/T Gold And 1,665.8 g/T Silver
Do you realize how dumb that sounded? Look at the activity, huge drilling effort been going on for a long time AND resources being increased month after month. Shareholder value constantly improving. So what if we are willing to get in early before the greater market takes notice and begins awarding this. Anyone buying into an exploration company like this should know full well it takes patience. No bums in sight here.
Sentiment: Strong Buy
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.
Chris said he will soon focus on getting the pps up and that now it is very undervalued. But the real fun will begin when market is convinced that a buy out is imminent. That will happen in a matter of months to end of 2013. But it will happen. The long it goes the better for us. They just keep increasing the value month by month. And gold should continue to trend up.
That is good news. A lot of value in that sleeper project.
...the project incorporating an 81,000 tonnes per day operation (approximately 30 million tonnes per year throughput), resulting in a projected 17 year operation with average annual production of 172,000 ounces of gold and 263,000 ounces of silver. Projected life of mine average cash operating costs are US$767 per ounce of equivalent gold recovered. Start-up capital costs for this project scenario are estimated at US$346 million. Sustaining capital costs over the project’s life are estimated at an additional $278 million. Total capital cost contingencies over the project life are estimated at an additional $64 million, bringing the total life of mine capital costs to $688 million. The total cost of equivalent gold production (including cash operating costs and total capital and contingency costs over the life of the mine) is estimated at US$996 per ounce.
At a gold price of US$1384 per ounce and a silver price of $26.33 per ounce (the 3 year trailing average of gold and silver prices as at July 3, 2012), the base case has a US$1.2 billion pre-tax net cash flow, a US$695 million net present value at a 5% discount rate and an internal rate of return of 26.8%. At US$1618 gold (the spot price on July 3, 2012), the total pre-tax net cash flow increases by 160% over the base case to US$1.9 billion, the net present value at a 5% discount rate almost doubles to US$1.2 billion and the internal rate of return improves to a robust 40%.
Yesterday's action was not typical IMO especially considering the NEWs. So any logical predictions I think would have let us down. That pullback was way over done considering. So once the attack is over this should recover without much problem. But the short term end result will be a lower support than it should have been if the market would have given any credit for the PEA content. The buyout value of this company just keeps growing the PPS should too.
In this case what the market says it is worth and what it is worth to a big miner has not relationship at this time. The miner will value this by what is in the ground and how easy it is to get it out. Market price to easily manipulated for this little guys and at present is not rewarding PZG for its in ground resources. Good for anyone willing to buy and hold. We know the gold/sil is there.
Except the inevitable buyout news. Continues to look like the market will not reward in ground resources. But we all know that at some point there will be a buyout and that will move the PPS. That is reason to invest here and hold.