Pan American Goldfields Ltd. (fka MXOM)

[Sheep]

Looking good for sure. I initially thought I might only stay in MXOM until it hit $1, but if this does what I think it might, then I'm in for a bit longer.

So from the <a href=http://ih.advfn.com/p.php?pid=nmona&article=40440790&symbol=MXOM>news release</a>

To date more than 60,000 tons of material has been extracted from the west side of top 15 meters of the Cieneguita gold discovery's 1 km long gold discovery. The overall grade has, so far, averaged +3 grams Au (equivalent) per ton. The material has been run through the crushing plant and throughput has exceeded expectations due to the very friable rock.


It looks like they are expecting +3 grams of gold per ton. That means they expect to produce 180,000 (grams) = 3(grams) x 60,000(tons), which is just over 6400 ounces.

The spot price for Gold is 1144.10 as of today 11/19. That translates into a market value of 7.32 million.