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Completely agree HDY. 3.4 TCF of NG is immense.
GLTA!
Nice post Vort, agree 100%. Bottom line is inflation is world wide and will aid gold in it's rise. Exactly, it's all about printing of money.
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Agreed Ed. Actually saw 2 or 3 peeps on CNBC say that today.
Certainly makes sense.
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Robo posts, I need to buy more....:)
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Agreed Vort. Ugly day for the DOW.
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Agreed h, cheap!
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Agreed rocco, rough day for the DOW and NASDAQ. I'm guessing based on passed performance, QE3 is coming IMO.
Will boost gold, and once PCFG proves recovery rate, will boost PCFG.
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Great link Pent, TY.
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And, the FED (ie. Bernanke) will be speaking tomorrow with an update on policy. Could QE3 be coming? If so, PCFG and the price of gold will benefit big time.
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LOL......
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Yup, exactly!
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Thanks H3, was able to catch it. As the guy said, gold is a "safe haven".
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PCFG should be releasing Project W news soon. Would be nice to get an infusion of cash added to the cash from gold production.
Can't disagree with you.
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LOL, right amazing isn't it?
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Fannie and Freddie, what a shock they were downgraded....LOL...:)
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Agreed H3, if they are approved for 8-10 more geotubes? Added to the rising price of gold. Great situation to be in for PCFG.
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The important thing will be to see what kind of recovery rate they achieve with the new equipment. 50? possible I suppose.
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$1711/oz. Value of PCFG keeps going up.
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Good question. Now that they are in production they will have the cash to increase production and further prove up their new claims and Fernley....AND THAT'S JUST THE GOLD THEY HAVE.
Graysill and Project W. are two other bullets in the gun. Great things to come here IMO. I'm looking forward to further PR's from the company. Their timing has been perfect.
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Should be getting some Project W news soon as well one would think.
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We shall see pine. I'm holding long anyway, but you could be right. I added last Thursday, and am very tempted to add again this week.
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Vort, I'm liking your math more and more.
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Right on H3! That is correct IMO.
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Pretty interesting read hah Lou? I think a gold junior on the verge of expansion is pretty good place to be.
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Nice post fox!
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Exactly sbb. WOLV needs to drill the property to prove what's in the ground.
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Icing on the cake IMO. BRCM + B&B claims + Fernley.
I will be very interesting to see how many oz they actually have in the ground.
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From the PCFG website:
Fernley Gold, Inc.
Fernley Gold Inc., entered into a lease agreement in 2004 for the right to mine 36 claims covering 640 acres of the Lower Olinghouse Placers. The claims are known as Butcher Boy and Teddy, and are located approximately 34 miles east of Reno, Nevada just off Interstate 80. The Butcher Boy and Teddy Claims contain an estimated 445,000 ounces of gold contained in approximately 30,000,000 cubic yards of alluvial gravels. The average grade is 0.4 grams per cubic yard. In 2009 Fernley Gold filed its initial mining plan of operations with the BLM which began the permitting process.
2011 Planning
The Company had an initial scoping meeting with the NDEP and BLM in late 2010 and plans to continue the permitting process in 2011.
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Agreed sx, PCFG will get buyout offers once they prove up their lands. Either way we win IMO.
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Nice thought out post carolina. Can't disagree with you. Looks like the U.S. has the same credit rating as Belgium now.
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In the last 3 weeks:
1) OTCQB uplisting
2) Production BRCM
3) B&B claims update
All 3 to me = beautiful!
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All true vlf, nice post. That's why I'm looking long term here. Understand your frustration.
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I'm starting to think in that area too IF they can ramp up production to 25,000-30,000oz/yr at BRCM and a continued rise in gold. As well as getting Fernley up and running.
IMO gold will approach $2000/oz in the near term (meaning 6 months or so).
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Nice!
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Completely agree.
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It may well reach those projections. This is a two year hold for me. In the end, maybe longer.
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Added yesterday.....wish I waited, LOL.
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Agreed, frustrating. However, I was always looking at PCFG as a longer term play. I would not be shocked if gold doubles as someone else posted earlier.
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I think that's pretty good advice. "ignore" might be a little strong, lol, but not a bad idea.
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Yup, as I said, earlier today a 200,000 share buy went through on L2 and the stock went down. Total BS.
GLTA!