I am long on the stock because I think it is a great buyout target. See below, that´s it in nut shell…
Paramount Gold and Silver Corp. (NYSEMKT: PZG) is a U.S.-based exploration and development company with multimillion ounce advanced-stage precious metals projects in northern Mexico (San Miguel) and Nevada (Sleeper). The San Miguel Project consists of more than 142,000 hectares (over 353,000 acres) in the Palmarejo District of northwest Mexico, making Paramount the largest claim holder in this rapidly growing precious metals mining camp. The Sleeper Gold Project is located off a main highway about 25 miles from the town of Winnemucca.
In 2010, Paramount acquired a 100% interest in the project, including the original Sleeper high-grade open-pit mine operated by Amax Gold. The consensus price target for the stock is $1.91. The stock closed Tuesday at $1.01.
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