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Nice post h. The idea of a gold bubble seems absurd to me. First of all, inflation is increasing throughout the world (ie...China, India, Europe, etc). Our FED is keeping interest rates low, which will only worsen inflation in the U.S. longer term IMO.
Gold bubble??????? I wouldn't bet on that. What's going to happen when heavy inflation hits the U.S? Flight to gold IMO.
GLTA!
Nice post HDY! Couldn't agree more. Patience.
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Have been for a while Lou.....:)
Nice day indeed!
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Yup, good problem to have. Vort, appreciate your number crunching the last few weeks.
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Don't know, but I've saved a little powder for tomorrow.
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IMO anything under .10 is going to look very cheap.
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LOL, nice! Need those healthy antioxidants! Will be interesting to see the volume tomorrow.
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Nice! Nothing wrong with that. Gold producing company at .0725. Still absurdly undervalued.
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Nice strong close. Bid whacking didn't work.
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Agreed h! Good volume and nice day!
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Yup, nice buying volume coming in.
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LOL, done that myself quite a few times as well. Monday is approaching fast!
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Excellent question H3. Doesn't make any sense to me.
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LOL, didn't see it live but saw the replay. He doesn't pull any punches. Gold hanging up over $1800/oz. Great for PCFG!
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Completely agree H3. Santelli is the man!
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Unreal, but at the same time to be expected.
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And that's at BRCM only, not including Fernley, Project W., or Graysill.
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Agreed air. Imagine a 5-6 x production increase PR. Talk about lighter fluid!!!
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Agreed! Every time I believe I have enough shares I think to myself:
1) PCFG is in the process (has applied to the NDEP) of increasing production x 5-6 times at BRCM. Since PCFG uses no chemicals, I believe the NDEP will grant this.
2) B&B claims lease has been closed. How much gold is in the B&B claims? Don't know, but could it be another 500,000oz? Yup, could be. Management has stated they will do a seismic survey on the B&B claims to verify.
3) Fernley has an "estimated" 450,000oz of gold. Needs an NI 43-101, and IMO management will do so.
4) Project W (Tungsten deposit) should be worth millions of dollars to PCFG, either via a JV or outright purchase by Black Fire Minerals.
5) World economic conditions will lead to higher gold prices and higher inflation.
6) Graysill mine down the road (does PCFG sell this, or with revenues from BRCM do they get that mine into production??). Either way, PCFG will benefit financially from it.
Now, we need recovery rates from BRCM, and that's right around the corner. My plan, 2-3 year hold of ALL of my PCFG shares.
My 2 cents.
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Added 35,000 shares today at .064.
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I agree. .3g/cy should be doable.
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Same here, if Vort is correct....PCFG will have a great future! .3g/cy would be a very good recovery rate.
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Thanks for your work Vort!
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LOL, yeah short on gold....bright move. :)
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Making those alluvial gravels look pretty good....:)
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Agreed moos. PCFG is a great place to be. I'll be here long term, because if one looks at the economic landscape of the world, it isn't pretty. Gold will continue higher, PCFG will expand production, and profits will only increase for this junior miner.
GLTA!
Agreed, this will certainly help PCFG's earnings in the future. Just have to be patient.
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Excellent idea! :)
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Nice post jm. Bottom line is WHAT DOES WOLV HAVE IN THE GROUND?!
Ground IP was very encouraging and deep drilling will tell the story.
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True, but not this year!!!!!!!!!! Booooooyeah!!!!! :)
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I agree. Gold will continue up.
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14.5 trillion dollars of debt. I rest my case.
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Right, S&P has a mediocre track record at best, but they are RIGHT ON with the U.S. downgrade IMO.
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Canada, AAA!!! But the Bruins still beat Vancouver in the cup! :)
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Devaluing of the U.S. dollar just starting. Good for gold and good for PCFG long term.
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http://www.bloomberg.com/news/2011-08-09/dollar-falls-on-fed-pledge-to-keep-interest-rates-low-through-mid-2013.html
Big potential, just going to take some patience.
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LOL, you may be right Frank. Right, good to buy a house I suppose.
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So today Bernanke said interest rates will stay low for 2 more years.
Hmmmmm.....even after all of the money printing????....hmmm....can we say hyperinflation! IMHO. Great for future gold prices! Great for PCFG!
GLTA!
http://www.reuters.com/article/2011/08/09/us-usa-fed-idUSTRE7775G120110809
Added 48,000 shares to the stash today.....
2-3 year hold.
GLTA!
LOL, wouldn't bet against it.
GLTA!