Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Balderdash, the value of the reserves gives a value above .03. Even if PCFG wasn't producing we're worth over twice the current share price. Quit distorting the facts.
Debt ridden? That is another distortion. The positive results from the Pilot Mountain sale and drilling program ensure further income in the coming months.
Agreed, some ignore the hard facts and try to present their "opinion" as facts.
Nice map, thanks for posting. We're in the middle of the second richest gold area on earth. Based on reserves before the B&B Claims PCFG should be valued at .03+ and that is a fact.
By the way, Goldman Sachs put out an overweight on gold as a commodity:
http://www.bloomberg.com/news/2012-02-22/goldman-cuts-12-month-commodity-return-forecast-to-12-from-15-.html
"Location, location, location." A quote about business by Dillard, William-
The first link shows Nevada Rae Gold's neighborhood in the Cortez Trend in Crescent Valley. We're in a very nice location. PCFG is worth more than twice the price at which we currently sit, without any production. Second link gives valuation guidelines. All the noise recently certainly ignores all the facts about what gold reserves are actually worth.
http://www.amfir.com/AmFir/Commentary%20Pages/EditorialsArticles/NevadaCortez/NevadaCortezPart-5.html
http://goldinvestingnews.com/world-class-gold-deposits/the-cortez-trend-nevadas-biggest-gold-field
No problem. Two straight days where an entity has held a bid in place to absorb sells while concurrently buying up through the ask to get shares. Somebody with some bucks wants in on the action.
Very sly buyer today. He's showing 500 shares on the bid and has absorbed 20K in the last few minutes. He'll jump the ask and go up 3-4 cents to buy 5000 to 6000 shares occasionally while holding his bid for any dumpers. Nice action if you're holding long.
Nice article, thanks for sharing.
Ref: "seeing as they arent producing anything." Really? Could you please provide some additional information as to how you think you know this. LMAO
LWLG will make a huge run with any sized contract. Any signed contract with a reputable firm will provide public verification that Perkinamine Indigo is a revolutionary generational leap in technology. One contract should lead to multiple contracts and an explosion in value and price.
In the 1990's s small company in San Diego took a wireless telephone product they called CDMA (code divided multiple access) or 3G/4G and leveraged it into billions of dollars of royalty revenue. Now the Chargers play in a stadium named after that firm. That is the potential upside of LWLG in my opinion.
Thank you. I bought on the 15th after reading several of your posts on Money Runners. Looked at the product and was amazed. Can't see why some big fish doesn't buy this whole enchilada. Thanks for the tip!!
I picked up 200K more this morning. Looking for a run down the road.
Nice call on BSGC Toucan, it's a winner!
Yup, not many shares "showing". What's the real number? Only the DTCC knows.
Short Squeeze shows the "legal" short at 16,200 shares: http://www.shortsqueeze.com/?symbol=sior&submit=Short+Quote%99
It is essentially the same thing as FDA or UL or Underwriters Labratories approval in the U.S.. It's a certification that the product meets certain safety standards and can be marketed freely.
MM's are short of shares. I placed a 50K buy at the ask to see if the 5K ask size is real. It's been over 4 minutes and no shares have been sold to me.
x993231, a frequent poster on Yahoo's message board put this post up yesterday. It is from a Gilder article, page three the second paragraph down on the right hand side and the link is cited below:
Terry Turpin is the Real Deal 7-Feb-12 06:23 pm
You old heads read this before but any new comers should read this Gilder article on Terry Turpins time at the NSA and Essex (Sold to Northrop)
Turpin processes images in real-time that take 20 engineers 6 months to process at Raytheon (RTN) or Lockheed (LMT). And he does it in a device about the size of a shoebox rather than on a room-sized supercomputer. A shoebox fits on a plane or missile. Until Essex, all radar imagery processed in real-time was done in 2-D, with 3-D left to the domain of science fiction writers. It certainly looks like science fiction on Turpin’s LCD. Only it’s real. The difference is eye-popping. To my untrained eyes, a 2-D radar picture of a tank looked like, well, lines. Tell me I was looking at a building or a school bus and I’d agree. Now, rotate the image in 3-D and it not only looks like a tank, it looks as if an artist drew it. After wasting hundreds of millions on large defense contractors, the military finally went to Terry and now has 3-D radar working operationally, “saving lives” and “taking the junk out of the sky to find the missile,” as the feisty Moodispaw puts it. With the surface penetrating technology of SAR (synthetic aperture radar), Terry can find bombs inside of buildings and caves. Radar technology currently used in warfare operates in a single waveform because it is easy to process. Unfortunately, it is also easy to jam. Terry is taking care of that with his advanced optical processor for missile defense.
http://www.gildertech.com/public/Samplei...
Yes, Terry Turpin is the real deal, not just some smuck spouting off gibberish.
Someone just threw 550K at the Ask. Nice to see that size of an order go through!
Really? Why would a Market Maker or Broker risk large fines and perhaps suspension by selling some Series 144 without an "Opinion" and without the properly signed "Exemption" form that frees shares already filed with the SEC. Why would their Transfer Agent simply change the numbers and risk their reputation without proper documentation?
Seems like a lot of exposure for the TA, MM or Broker for some piddly little Pinkie Management team that wants them to do something illegal. Pray tell, how are they doing it?
You couldn't be more wrong IMO. The pile of ore extends far closer to the processing facility than in December. This means there are workers at the mine extracting ore. It also means they're working at the crusher and hauling down to the processing pile.
The biggest difference is the geo-tubes. They were just bags lying in beds in December and men were starting to work on the pipe-works to connect them into a system. Now, they are all connected, full of water and ready for production or enabling production.
There are more vehicles at the site than in December.
The entire site looks vastly different and that doesn't happen overnight without consistent work and effort.
JT talking with locals about the processing belts operating is the best piece of news. They're running ore through the concentrators.
Thank you for making the long drive and sharing your PCFG experience! Drive carefully.
Nice PDF of the "neighborhood" Rocco!
Nice to have you long term Stockdoggy. Based on the "proven and probable" reserves PCFG had at Butcher Boy and Nevada Rae, we are valued much higher than our currently share price. It looks like the market is wanting production results before giving fair valuation.
Barrick spent $100 million last year looking for new gold reserves, just in Nevada, and guess where they found it?
http://www.nnbw.com/ArticleRead.aspx?storyID=18510
Just a few miles south of Nevada Rae. Our Nevada Rae mine in the Cortez Trend is in a very nice neighborhood.
They were "mining" steadily daily by digging, crushing, hauling and stockpiling. However,they were not processing daily, it would only have been a minor amount of actual processing. You already know this.
Without continuous processing of ore, there would be no "HUGE CASH RESERVES" from which shares could be purchased.
This quarter, I expect huge changes and the processing to begin yielding what most here hope for.
I highly doubt insiders were buying. Look at the number of shares they already own, it's a ton. Also note that insiders have privately loaned monies to PCFG at little or no interest and I think they already have enough in this company.
The vast majority of PCFG Ihubbers love PCFG but wild conjecture isn't the answer.
On the Fernley and Nevada Rae Gold properties they have 927000 Proven and Probable. They added 2000 acres of property referred to as the B&B claims and more than doubled the original NRG area. They haven't provided guidance as the total ounces. Here's a quote from the June 14, 2011 acquisition PR with regard to gold grades:
"The B&B claims have been previously researched and explored and have gold resources described in the Bharti Engineering and Robertson Research reports. The Bharti report outlines the total Crescent Valley resource as being almost 2 million cubic yards of proven gold bearing gravels, 12.6 million cubic yards of probable gold bearing gravels, and 30 million cubic yards of potential gold bearing gravels."
http://www.pacificgoldcorp.com/news110614.html
Not in the Cortez Trend. That is why Barrick is battling the Shoshoni Tribe and environmentalists for the past five years. Cyanide leach is their preferred method of gold extraction.
http://intercontinentalcry.org/stop-barrick-gold-from-destroying-mount-tenabo/
Ref: Wow - what a huge spin in this post, it's stuff like this that misleads newbie investors.
That is exactly what I think when reading one of your posts.
Congratulations on another flip.
Yea, nothing has changed at the mine in the last year, it's exactly as it was in 2010 and before. LMAO.
Let's say you want to buy 100,000 shares of PCFG at .017 cents and the Market Maker your broker uses to buy and sell stocks lists shares of PCFG at that price on the Ask. However, he doesn't actually have 100,000 available at the price you placed to buy the shares, he has only 50,000. To do the sale at that price, he sells you 50K shares he has in inventory (or matching a buyers shares and a sellers shares) and 50K he doesn't. He creates 50K to sell to you to make the order or he "naked shorts" to make shares available.
The SEC in all their wisdom (TIC) has allowed the Market Makers and Specialists to sell shares they don't have to someone buying to keep the market fluid. They then have three days to buy those "imaginary" shares back to balance the books.
IMO it simply allows the MM's to cheat and manipulate price movement more easily than simply selling exactly what they have and then moving the price upward. It can and does stall and slow stock runs.
Nice post ELTORO. Well thought out, balanced and a nice synopsis. PCFG is a real company with buildings, equipment, employees, ore and a vision. They are working hard at the site trying to make PCFG a money making company. I hope this is a successful year for PCFG management, workers and long shareholders.
More 2012 gold projections, all above $1940 and up to $2400 per oz:
http://finance.yahoo.com/blogs/breakout/gold-rises-4-week-high-china-demand-boosts-192746697.html
2012 Gold price projection from the London Bullion Market Assoc. They asked for predictions from 26 of the largest banks and trading houses and the projections ranged from $1444 to $2055 per ounce with the average being $1766 per ounce. Here's the link to the article:
http://www.ft.com/intl/cms/s/0/52eb8042-387f-11e1-9ae1-00144feabdc0.html#axzz1jBRlRUfa
Thank you.
Nope, not close at all. It's a day and a half drive to Nevada Rae and back. I have enough in this that I don't want to listen to conjecture, I want to keep a close eye on what's really happening at the site.
Some folks would tell you that nothing positive is going on at NR.
Others think we'll be rich next month.
I think it could be a real winner once they get everything online and calibrated.
I know they are adding equipment and working hard to get everything on-line to make PCFG successful.
I'm going to visit periodically to keep an eye on what is real and what isn't
Many posters have expressed appreciation for your DD and your sharing with us. Again, thanks for your efforts to provide up to date information on PCFG activities.
I agree with your statement except for one item. It isn't frozen. It's huge pile of Nevada colored soil that pours out of the trucks and frontloaders. Even if the outside of it gets wet and freezes they can access the interior by breaking the outside. The inside is soft, crushed soil flaked with lovely placer.
Today's trades, four buys for every sell:
15:59:32 0.0165 5000 OTO
14:52:24 0.016 75000 OTO
14:42:03 0.016 98660 OTO
14:26:42 0.016 91840 OTO
14:26:28 0.016 100000 OTO
14:20:19 0.016 80000 OTO
14:20:14 0.016 100000 OTO
14:03:48 0.016 1500 OTO
12:56:11 0.016 8000 OTO
11:51:33 0.015 21587 OTO
11:51:30 0.015 21588 OTO
10:57:59 0.015 50000 OTO
10:46:02 0.015 2780 OTO
10:45:18 0.015 35290 OTO
The western states have been warm and dry all winter from a huge high pressure system. There is no snow and no mud at the site. PCFG has been dry and workable virtually every day this winter, perfect for setting up and calibrating equipment such as geo-tubes or a twin sand screw.