Their research rep is available on BSG site.The heading reads:...

Their research rep is available on BSG site.

The heading reads:

MINING June 17, 2005 Palmarejo Gold Corp. Mexico’s Silver Secret Is Ready To Come Out
Unless otherwise denoted, all figures shown in C$
Highlights:
• Great Stand-Alone Precious Metals Discovery In Mexico High grades near surface should lead to low-cost open pit mining.
• A Silver Secret...Waiting To Come Out Palmarejo stands to benefit once silver investors discover that silver represents 64% of the value of the deposit, containing 128 MMoz.
• Rapid Development – Great Way To Add Value Resource updates and feasibility study should bring positive attention (catalysts) to the Company.
• Excellent Exploration Potential Several zones drilled over the last year are likely to add to resources, with several more targets to be drilled in 2005.
• Takeover Potential Is Excellent Palmarejo would fit into most mid-capitalization gold and silver companies as a great way to add production at a low cost.
• Initiating Coverage With Buy Recommendation Target price of $3.75.
Recommendation: Buy
Target Price: $3.75
Company Statistics:
Stock Symbol: PJO-TSX
Price: $2.25
Share Outstanding:
Basic: 63.5 MM
Fully Diluted: 80.7 MM
Management: 1.9 MM
Bolnisi Gold NL: 52.5 MM
Market Cap: $142.9 MM
Market Float: $20.5 MM
Long-term Debt: Nil
Average Daily Trading Volume: 24,693
High – Low (Since Sep./04): $2.60 - $0.27
Company Description:
Palmarejo Gold is exploring and developing the Palmarejo silver-gold project in Chihuahua, Mexico, a historic mine that now appears to host significant silver and gold resources amenable to modern open pit mining methods.