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Montanore

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Montanore

Re: None

Thursday, 05/26/2011 12:04:34 AM

Thursday, May 26, 2011 12:04:34 AM

Post# of 124
In February, MGP raised $11.5 million in a private placement at $0.80.

MGP has an inferred resource base of 1,212,000 ounces of gold! If MGP is ever successful at turning its 1.2 million ounce inferred resource base into a proven reserve, the company could one day deserve to be trading for $500 per proven reserve ounce or more, giving the company a future potential valuation of $600 million similar to PG. Of course, it is impossible to predict whether or not MGP will be successful at turning its 1.2 million ounce inferred resource into a proven reserve.

MGP is trading for below book value! MGP had a book value at the end of the last quarter of $0.57 per share and that was before the company raised $11.5 million at $0.80 per share!

A nation of sheep will beget a government of wolves. — Edward R. Murrow

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