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gharma

04/19/13 9:14 PM

#169 RE: wshaw14 #168

PVG does look very inviting at these levels. Not sure but after reducing market cap by $28 MM or so for cash on hand it appears to work out to something like $20 +/- per oz for estimated reserve and resource in the ground (depending on what Snowfield cut one uses), and obviously no risk on Valley of the Kings proving feasible.