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Article Excerpt
M2 PRESSWIRE-30 January 2006-The Stockpage: Hot Stock Alert!(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:30012006
The Stockpage is watching Pacific Gold Corp. (OTCBB: PCFG), Home Depot Inc., (NYSE: HD), Deere & Co., (NYSE: DE), Fluor Corp., (NYSE: FLR), Global Industries Ltd., (NASDAQ: GLBL), and Caterpillar Inc., (NYSE: CAT).
Pacific Gold Corp.'s (OTCBB: PCFG) Black Rock Canyon gold mine is currently under construction and is scheduled to begin gold production in the first quarter of 2006. The mine is owned and operated by a 100% owned subsidiary company, Nevada Rae Gold, Inc.
With the recent increases in the price of gold, PCFG revenues for 2006, at Black Rock Canyon, could be as high as $5.3 million with EBITDA of up to $2.5 million. With almost 37,500,000 shares outstanding, EBITDA per share for 2006 could be as high as $0.08 per share, and the P/E ratio could favor PCFG very well in 2006 and 2007, especially at the stock's current closing price of only $0.31 per share.
The Black Rock Canyon mine is located in Lander County, Nevada in the proximity of the Cortez Gold Mine, owned by Placer Dome and Rio Tinto PLC (RTP).
Geologist reports have placed the estimated resources for the Black Rock Canyon mine at up to...
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