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Prophecy Dev Corp. (PRPCF)

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Last Post: 10/17/2019 3:08:13 PM - Followers: 23 - Board type: Free - Posts Today: 0

Website  https://www.prophecydev.com/

PRPCF Pink Sheets http://www.otcmarkets.com/stock/PRPCF/quote  PCY TSX http://tmx.quotemedia.com/quote.php?qm_symbol=pcy

TSX-V: PCY 2060-777 Hornby Street
OTC: PRPCF Vancouver, BC
Frankfurt: 1P2 Canada
Email: info@prophecyresource.com V6Z 1T7
Phone: +1.800.459.5583 Fax: +1.604.642.2629

This is why I think that the power plant will be our victory ticket: 12-11-2010 (Prochorovka) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57659733



Year End Letter from Chairman of Prophecy

Prophecy's objectives for 2011 include the following:

  • Conclude long term Ulaan Ovoo coal off take agreements with regional Russian power plants;
    Commence shipments of Ulaan coal to Asian customers via Russia's eastern coal ports;
    Produce and transport between 1 and 1.5 million tonnes of coal at Ulaan Ovoo in 2011;
    Increase profit margins at Ulaan Ovoo with owner equipment and Zeltura port opening;
    Secure Chandgana power purchase off take MOUs with Mongolian entities;  
    Obtain Government cooperation and full licensing on our Chandgana Power Plant;
    Secure equity and debt financing for Chandgana Power Plant construction;
    Consider a possible spin-off of Prophecy's Canadian assets; and
    Seek additional listings






Share structure as of January 3 2011:

outstanding shares: 184 981 199
warrants: 27 699 790
options:23 449 600

fully diluted: 236 130 589 shares

Prophecy Resource Corporation (TSX-V: PCY, OTC-QX: PRPCF, Frankfurt: 1P2 ) is an internationally diversified company engaged in developing energy, nickel and platinum group metals projects. The company controls over 1.4 billion tons of open-pittable thermal coal in Mongolia (839 Mt Measured, 579 Mt Indicated). In Canada Prophecy owns Wellgreen Platinum, Palladium and Rhodium Project in Yukon, Lynn Lake Nickel Sulphide Project in Manitoba, and a 10% equity stake in Victory Nickel.

The 100% owned Ulaan-Ovoo coal deposit is strategically located 10 km from the Russian border and 120 km from both Mongolian and Russian rail links. The project contains 209 million tonnes of measured and indicated economically recoverable high quality, high volatile bituminous thermal coal with a 2:1 strip ratio. The caloric output is at 5,204 kcal/kg with low ash at 12.46% and very low sulfur of 0.40%. Coal thickness of 53 meters and first 8 years requires no washing with an estimated production cost of $10-$15/ton.

The second thermal coal deposit is the Chandgana Tal and Chandgana Khavtgai Coal Project, contatining 1,211 million tonnes of measured & indicated coal resource (NI 43-101). Click here for the resource page. The resource is contained almost entirely within a single coal seam averaging 37.7-45.4m with very few partings with a strip ratio of 1.9:1. The calorific value is 4,354 kcal/kg with low ash level of 12.49% and very low sulfur of 0.68%. Chandgana is within 160km from rail, 45 km North of the proposed railway, 16 km from paved highway, and 150 km from 2x220kv power line. It is ideally suited for a 600MW mine mouth power plant with extension to eventual 4,200MW.

The Wellgreen Nickel Copper Platinum, Palladium and Rhodium project in Yukon, Canada is the Company's flagship Platinum, Palladium and Rhodium project. The project is situated close to good infrastructure, main roads, electricity and water and Yukon is one of the most mining friendly jurisdictions in the world. The potential of Wellgreen property is in the range of 77 to 254 million tonnes at 0.26 to 0.38 % nickel, 0.26 to 0.36% copper, 0.55 to 0.85 g/t platinum and palladium, based on thestrike length range of 4000 to 7000 m, depth of 200 to 250 m and a width of 30 to 35 m.

The Lynn Lake Nickel Mine is the fourth largest known nickel sulphide deposit in Canada. The project covers the majority of the claims that were operated by Sherritt-Gordon from 1953-1978. An independent technical report done by Wardrop Engineering Inc., dated January 2010, confirms 22.9 million tons of measured and indicated resources at 0.57% Nickel and 0.30% Copper. This translates to over 262 million pounds of Nickel and 138 million pounds of Copper in situ. Click here for full NI 43-101 resource estimates.

In addition to the above resource, there are also exciting exploration opportunities. The recent 2008, near-surface, Disco Zone discovery is 1.5km away from the outlined deposit. The Disco Zone is 80m x 20m x 270m with drill highlights such as 18 meters of 1.5% nickel, 0.7% copper, 0.04% cobalt and 47.1 meters of 0.7% nickel, 0.5% copper and 0.02% cobalt. Click here for more drill results and to learn about the Disco Zone discovery.

Prophecy's other properties, including the Titan vanadium-titanium-iron project. A deposit in Ontario, Canada, between Angus and Flett Townships, with access to excellent infrastructure. Titan is estimated to contain an inferred resource of 49.0 million tonnes at 0.24% vanadium (0.43% vanadium pentoxide), 14.82% titanium dioxide, and 48.09% iron oxide. Click here for the full NI 43-101 resource estimates.

And the Okeover copper molybdenum project, which is 20 km north of Powell River on the B.C. coast.

In late 2006, N.C. Carter, PhD, P.Eng, completed a technical report on the Okeover Property pursuant to NI 43-101 that estimated an inferred mineral resource of 86.8 million tonnes grading of 0.31% copper (approximately 593 million lbs) and 0.014% MoS2 (approximately 15.9 million lbs of molybdenum disulfide) at a 0.20% copper cut-off for the North Lake Zone. North Lake is the best understood of the eight zones of mineralization known to exist on the Okeover property.

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PRPCF News: Report of Foreign Issuer (6-k) 10/08/2019 03:02:01 PM
PRPCF News: Report of Foreign Issuer (6-k) 10/08/2019 06:01:51 AM
PRPCF News: Report of Foreign Issuer (6-k) 10/07/2019 02:46:46 PM
PRPCF News: Report of Foreign Issuer (6-k) 09/30/2019 12:54:41 PM
PRPCF News: Report of Foreign Issuer (6-k) 09/24/2019 12:39:17 PM
#398   PRPCF looking Healthy and doing Great $$$ bakedog38 10/17/19 12:32:24 PM
#396   It's all a diversion....are any of the mines Wakebe 10/17/19 03:44:49 AM
#392   Looks like these insider deals killed the stock Wakebe 10/16/19 11:34:20 AM
#391   This goes to 20 cents these private investors Wakebe 10/11/19 10:31:49 AM
#390   Smart shareholders.!!! 20 cents here we come..... Wakebe 10/11/19 10:30:07 AM
#389   Thank you shareholders...this is going to 20 cents Wakebe 10/10/19 12:41:42 PM
#388   Where we gonna ""waste""all this money???...ole I see Wakebe 10/09/19 08:20:57 PM
#387   Prpcf---selling the soul of its investors and the Wakebe 10/09/19 08:16:52 PM
#386   Investors are getting wise...!!!!...just go get the loan...build Wakebe 10/09/19 04:12:57 PM
#385   Hard to build value and trust in a Wakebe 10/09/19 02:33:18 PM
#384   Get a loan...quit giving the company away and Wakebe 10/09/19 02:30:54 PM
#383   Smart volume today...bad deals kill the stock....who are Wakebe 10/09/19 02:29:58 PM
#382   Man you all are blind.....look at the amount Wakebe 10/08/19 08:55:28 PM
#381   I love how the company personel is also Wakebe 10/08/19 02:22:53 PM
#380   News - Prophecy Announces $4,000,000 Private Placement Golden_Cross 10/08/19 08:17:42 AM
#379   Yes indeed , Great News and great times bakedog38 10/07/19 10:48:29 AM
#378   News: $PRPCF Prophecy's Pulacayo (Silver) Mining Production Contract whytestocks 10/07/19 08:20:23 AM
#377   Latest news , PRPCF $$$ ………………………. bakedog38 10/06/19 09:48:17 PM
#376   The next 2 years are going to be bakedog38 10/06/19 09:45:18 PM
#375   Want to see this move on 'fundamentals'..not news Wakebe 09/30/19 10:49:17 AM
#374   Back to the teens.....reality has set in... Wakebe 09/30/19 10:47:06 AM
#373   Up on Low volume 203k traded. Coreton 09/27/19 04:35:47 PM
#372   Ole the volume....ole the volume.... Wakebe 09/27/19 04:18:58 PM
#371   Sore about what lol I own over a Wakebe 09/26/19 12:21:11 PM
#369   He is sore that a simple thing Coreton 09/26/19 02:17:54 AM
#368   Come on Wakebe don't be so Sore about bakedog38 09/25/19 01:34:22 PM
#367   Wow traded on the tsx... how dare they Wakebe 09/25/19 09:52:42 AM
#366   Prophecy is registered on the TSX (Toronto, Canada Coreton 09/25/19 04:52:15 AM
#364   Like I said. OTC is not the Coreton 09/24/19 04:10:24 PM
#363   417k.shares..on a huge price drop Wakebe 09/24/19 03:38:40 PM
#362   Volume no where near a million a day....!!!! Wakebe 09/24/19 03:37:37 PM
#361   Look at volume on investorhub.....right below price at Wakebe 09/24/19 03:36:45 PM
#360   Prophecy definitely looking Great , future is Brite ! bakedog38 09/24/19 10:58:58 AM
#359   News: $PRPCF Prophecy Completes Internal Reorganization whytestocks 09/24/19 09:00:22 AM
#358   Nope Friday was 900k+. What are you Coreton 09/23/19 03:46:09 AM
#357   Wasnt the volume 285k friday ????????????????...or a million....???????????? Wakebe 09/23/19 03:41:40 AM
#356   Glad you are finally understanding how to make Wakebe 09/23/19 03:32:57 AM
#355   LOL. You are entertaining I’ll say that. So now Coreton 09/23/19 03:25:37 AM
#354   If you own less than 500k shares I'm Wakebe 09/23/19 01:40:59 AM
#353   Coreton...yeah it trades alot when I'm buying most Wakebe 09/23/19 01:39:14 AM
#352   Coreton.....who you think bought 300k of those 1 Wakebe 09/23/19 01:37:52 AM
#351   Prophecy looking great and future is bright ! bakedog38 09/21/19 12:06:24 PM
#349   It trades around 1m on average. Not 250k Coreton 09/21/19 03:56:17 AM
#348   Wrong again Wakebe. PRPCF Up .06 on almost Coreton 09/21/19 03:43:07 AM
#347   Cant get no volume behind this...!!!!!...needs support..bad...!!!!!....retest 27 Wakebe 09/20/19 02:46:39 PM
#346   The 20's are comming...hold...hold....hold.....hold....wait for it... Wakebe 09/18/19 12:56:51 PM
#345   Here comes the stall...just what I expected...put those Wakebe 09/18/19 12:33:55 PM
#344   Nice Day here PRPCF !!! Could see .40s bakedog38 09/17/19 04:43:14 PM
#343   A little backfilling....here comes the weakness....!!!! Get ready shorts....!!!! Wakebe 09/17/19 12:14:23 PM
#342   2.6 million loan.!!!!..lol...smartest people ever...in 2 weeks have Wakebe 09/17/19 11:24:10 AM