+ data and comments +, page-148

re: ** + mining early 2007. target prices. Good post Gerry.

Firstly if I was going to make a takover it would NOT be for PJO but for BSG.

Secondly there is no guarantee a takeover bid will occur in the immmediate future.

If ever a takeover looked a foregone conclusion, you would have thought it would have been PDN in the tight uranium sector (a soaring uranium price PLUS not many emerging miners around.)

When PDN was below 20c I indicated it was an outstanding takeover prospect.

Most miners are by nature conservative, and they will actually want to see PJO operating according to budget before contemplating a bid.

The rise in share price will be little concern to them as their shares will also rise in price in a precious metals bull - probably not as much as BSG - and a takeover bid will not cost them real dollars - but just an issue of paper scrip!

However there is no guarantee even a bid for BSG will be successful. If Norm opposes it, I doubt it will succeed. I do not believe Norm will give BSG away below a very, very full price.

Now just imagine how the figures will look if gold is say US$750 and silver US$16.00. This is not out of the question by 2007.

The valuations for the companies absolutely go through the roof.