Pershing Gold Corp fka PGLC

[ThSeeker]

Mining companies are typically priced based on their intrinsic value (proven reserves) or growth prospects (unproven reserves). Investors can find intrinsically undervalued mining companies by looking for low price-book ratios or strong price-to-cash flow ratios. Alternatively, looking for promising regions and then finding companies operating in them can identify growth stocks.

The three stages for companies include:

• Exploration - Very little assets with only the rights to drill in certain areas.

This is where Pershing should be transitioning to very soon
• Development - Assets in the form of proven reserves, but no cash flow from mining.


Followed by
• Production - Assets and cash flow from proven reserves that they are mining.

As that occurs the price should move up very substantially IMO