much depends on pjo, page-2

re: valuation of pjo $1.90aud per bsg share BSG owns 64.75 million PJO shares x last night close of $7.28CDN x exchange rate 1.15? = 542 millionAUD.

Divide by say 285 million BSG shares, leaves a value of $1.90 for PJO per BSG share.

So, buy into PJO at 20% discount, plus get BSG cash, plus BSG other Mexican projects for free...

Looks even better than I expected. Hard to do these numbers when you are sitting on a mule...subject to audit....

Rosco