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doc4261

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doc4261

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Tuesday, 11/23/2010 3:15:14 PM

Tuesday, November 23, 2010 3:15:14 PM

Post# of 102667
Juniors usually get bought out for between 10% and 40% of in situ ore value. A good example is a company called Palmajero. They were bought for 1.1 billion in a merger this summer after drilling off about 3 million ounces worth of proven gold equivalents. This was 40% of the insitu valu.
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