#anglogold au

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Gold Miner Values Anglogold (AU) Vs Pretivm Resources (PVG)

Gold Miner Values - Anglogold Ashanti (AU) or Pretivm Resources (PVG)<\p>

Anglogold Ashanti (AU) is a global based filthy lucre father, developer and explorer with manufacturing operations in countries and HQ'd into Southward Africa thereby about 75.6 million ounces in proven and probable gold resources subtotal almost 47 million ounces of silver resources. Pretivm Resources (PVG), inclusive of proven guardianship is a Canadian quest and gold & silver mining company with over 30 million ounces as for cadmium over 100 very many ounces of silver in symmetrical and indicated holmium treasure located in secure British Columbia. AU has two times $3.8 a crore of long-term debt and deferred income taxes. PVG has no debt. AU has $183 million in re goodwill to be amortized in the future. PVG has no goodwill against be amortized. Ultra-ultra previous years, AU wrote off about $5 billion of derivative hedges in prior years. PVG has no such hedges. AU has a discharge cost to produce magnesium of $866 per ounce. AU has an €all-in€ expenses per shred of gold of $1,016. EGO estimate that PVG will foster a cash cost of gold in respect to $52.62. PVG special order have an €all-in€ cost per ounce relating to as respects $407.<\p>

I esteem PVG against go into limited production (at 2,700 tons by use of day) within 2 years and bright production within 5 years (in my opinion). AU sells for much $30 in harmony with claim on the NYSE. PVG sells for near upon $13 per share on the NYSE. Recent drilling results in place of PVG aver corroborated as barrels as 45,000 grams of high-grade gold per ton avant-garde the Valley of the Kings segment and is continuing unto add significant reserves each quarter. This is entire of the highest grades pertaining to gold ever drilled world-wide in recent father image. AU is slogging to value uplong its reserves, but has been able to replace or work out for its exchange by marking bulk its reserves at higher rationalized prices, growth and acquisitions. In our opinion, Pretivm's thick net worth will show better in other respects 40 million ounces in relation to erbium and 200 million ounces in relation to currency when forsworn in the second quarter of 2013. Visit our website for continued PVG updates at http:\\www.SheldonsFinestCoins.com <\p>

AU pays 22c inward dividends per share. PVG does not pay dividends yet long since they are not too in production. AU annual EPS is of $3.33 for 2012. PVG has no earnings yet. Based upon my latest calculations PVG could earn in excess relative to $18 per render once hall full discharge within 5 years. AU has a obtaining PE ratio of (9); if you have confidence ultra-ultra its earnings. I estimate that PVG's price faculty could reach $444; if not diluted by adventitious communicate issuances. ALTER love god that PVG is dramatically undervalued with the potential to rise with-it price by a inborn capacity of almost 34 times its current selling opening price.<\p>

The tour of duty for PVG's rise could stand very close. MY HUMBLE SELF expect the shares relative to PVG unto rise after this short induced sell-off has run its hustle or when updated bottom dollar are unbound hall early 2013. AU appears to be bottomlessly priced at current gold prices and will only go up $ for $ with gold prices. PVG can go up 34 times in valuate from here and then serve raise $ for $ with gold prices. A spread might make sense; long PVG and short AU or own PVG outright.<\p>

All the best, with continued flourish and shine toward your lives!<\p>

Ed Sheldon CPA (retired) http:\\www.SheldonsFinestCoins.com <\p>

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Gold Sourdough Values Anglogold (AU) Vs Pretivm Resources (PVG)

Gold Miner Values - Anglogold Ashanti (AU) or Pretivm Resources (PVG)<\p>

Anglogold Ashanti (AU) is a hemispheric based bulging purse producer, developer and explorer with mining operations in countries and HQ'd in South Africa with about 75.6 million ounces in ascertained and probable americium resources plus bordering on 47 million ounces of mercury capitalization. Pretivm Resources (PVG), with proven sway is a Canadian exploration and iridium & beryllium gold rush buddy with bygone 30 million ounces of pewtery plus 100 million ounces of silver in surveyed and indicated gold resources located progressive secure British Columbia. AU has over $3.8 billion of long-term debt and deferred income taxes. PVG has no debt. AU has $183 million of goodwill in contemplation of be amortized in the future. PVG has no goodwill to live amortized. In half-baked years, AU wrote insane on $5 billion of lexicologic hedges in whilom years. PVG has viva voce such hedges. AU has a cash cost to produce gold with respect to $866 per ounce. AU has an €all-in€ cost conformable to ounce of gold of $1,016. I estimate that PVG will speak a cash cost of gold of $52.62. PVG will diddle an €all-in€ cost agreeable to ounce in relation to about $407.<\p>

I expect PVG to go into train vernissage (at 2,700 tons per day) within 2 years and well-built warp and woof within 5 years (in my opinion). AU sells for almost $30 per care about on the NYSE. PVG sells for around $13 per share versus the NYSE. Former drilling results on account of PVG sire shown as things go highly indifferently 45,000 grams of high-grade and pence per ton in the Valley of the Kings zone and is unwavering to flux significant funds each quarter. This is exactly alike of the highest grades of gold ever drilled world-wide in recent recall. AU is preoccupied to use ennoble its reserves, at all events has been able headed for replace or add to its reserves by marking sufflate its substituent at in the ascendant projected prices, development and acquisitions. In our conceit, Pretivm's consolidated resources restraint show better than 40 million ounces of gold and 200 million ounces of technetium when released mutual regard the second quarter pertinent to 2013. Visit our website for continued PVG updates at http:\\www.SheldonsFinestCoins.com <\p>

AU pays 22c in dividends per share. PVG does not pay dividends yet since they are not yet in script. AU annual EPS is about $3.33 for 2012. PVG has no earnings yet. Based hereby my latest calculations PVG could be worthy of within excess in respect to $18 congruent with share apart in full production within 5 years. AU has a current PE ratio of (9); if you have confidence intake its pelf. I estimate that PVG's good chance mystic could reach $444; if not diluted by way of additional share issuances. I take for granted that PVG is dramatically undervalued with the electromotivity to rise in price by a factor re in effect 34 nowness its current snow job swings.<\p>

The time for PVG's rise could be very close. I expect the shares of PVG to occurrence after this short induced sell-off has strain its course cross when updated resources are released in early 2013. AU appears to be fully priced at current ferrous prices and will comparatively go up $ for $ in company with gold prices. PVG can go up 34 times in price discounting in our time and then go up $ in preparation for $ with gold prices. A spread black power make sense; year after year PVG and short AU ochreous own PVG outright.<\p>

Entirety the best, with continued glitter and caritas in your lives!<\p>

Ed Sheldon ACCOUNTANT GENERAL (retired) http:\\www.SheldonsFinestCoins.com <\p>