Pershing Gold Corp fka PGLC

[EJR15]

Noble just upgraded its outlook for Pershing based on a preliminary economic assessment (PEA) release. Target price now $6 vs. current price of $4.39.

PEA showed some great numbers -- AISC still well below industry average, cost to production low and non-prohibitive, permitting expected by October, high net cash flow on a close to six year mine life at current estimates -- and production should be just around the corner (as early as Spring 2017).

Honig still very much behind Alfers, as illustrated by high figure share purchases over the last month.

Looks like things are about to start moving on this one .