Thursday, August 02, 2012 11:51:50 AM
this is NOT the typical Pinksheet stock. only 26million shares out.
They hold FREE CARRIED 25% interest in CANAMEX Burner property.
CANAMEX trades @ 50million FD Marketcap (they raised some funds last week)
http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=v.csq
so based upon 25% of 50million=12,5million fair value + added vlaue because the interest is FREE CARRIED, means: CANAMEX will have to raise all funds to drill and develop it, PGOL has not to spent a single penny
+ Their MOSS property is a JV with Northern Vertex Mining
http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=v.nee
50million makretcap on the TSX. again the money is spent by NEE.
POGL basically has project generator model, like EMX (EURASIAN MINERALS)
http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=V.EMX&orgsymbol=T.EMX
they recents bought BULM (OTC.BB) in a takeover valued approx 30million. If only one of those projects turns out to be great EMX might buy PGOL.
OR PGOL will do a TSX.V IPO: great value here
only 26million OS
DO your own DD
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