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Re: gzone post# 171

Friday, 06/01/2012 10:51:27 AM

Friday, June 01, 2012 10:51:27 AM

Post# of 493
Well, gold is in kind of a bear market right now. PGLC, including the shares locked away for now in CRGC, has about 165,000,000 shares outstanding. That's a lot. It really has not yet established that it's claims have anywhere near enough gold to support that many shares at a price above the current market.

On the other hand, I like the team that has been assembled and I like the way they have put their own cash into the company--and the way almost all compensation is based on results.

I also think gold will rally big time later this year. That could set of a gold fever for promising junior miners.

This is a risky stock for sure. The risk/reward, however, could be positive. If a major firm really would be willing to pay a billion dollars, we would make a ton of money.

I guess what I am saying is that I don't know right now what I will do. One thing, I probably will wait at least a while for the dust to settle after the distribution is made.

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