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Does that include the B&B property recently acquired?
Glad it was helpful. If you have the time, read all the PR's from the past year and especially the Updates. The Management group has provided their business plan PR by PR and carried it out pretty close to the plan. One more year of gold going up and PCFG continuing their progress and this stock will appreciate exponentially.
In the opinion of many here, this is a Penny gem.
When the price of gold was less than 25% of what it is today, Barrick and other large gold producing entities "cherry picked" many properties with high assay values and made money. They only looked at properties that would make the most money based on prices at that time.
Why is it different today and can firms earn huge incomes in today's market with lower yields per ton than the largest operators?
The huge increase in the price of gold is the biggest factor IMO. PCFG bought most of their property when gold was in the $4-500.00 per ounce range. Compare it with today's cost of acquisition and they acquired property just prior to the explosive rise in gold costs. Current estimates from most reputable brokers call for the price of gold keep rising.
http://www.pacificgoldcorp.com/news050823.html
http://www.pacificgoldcorp.com/news040519.html
http://www.pacificgoldcorp.com/news031016.html
http://www.goldinmind.com/gold-updates-news/gold-price-forecasts.html
The amount of gold the world uses each year expands while the amount produced hasn't increased since 2001. The vast majority of gold for jewelry and held in vaults to provide paper money a value. It's use in commercial applications continues to expand.
http://en.wikipedia.org/wiki/Gold
http://www.dani2989.com/gold/goldproduction2011gb.html
http://goldnews.bullionvault.com/gold_mine_production_072020092
http://gold.bullionvault.com/How/WhyGold
http://en.wikipedia.org/wiki/Gold_reserve
Gold extraction techniques keep improving. These improvement lower the cost of extraction and increase production capacity. Companies in the 1980's reprocessed spent ore from decades earlier and were highly successful. Extraction techniques have improved from even the 1980's. PCFG's neighbor, the Barrick Cortez mine in Crescent Valley uses cyanide for extracting gold (see link below).
PCFG possesses neither the money nor the political influence to mine in the same manor. They have chosen to be extremely ecologically friendly and are using geo-tubes for recycling water, shaker tables, centrifuges and Knelson Bowls for a multi-process extraction. They have applied via permits for greater production capacity. Their eco-centric methods should provide a solid argument for allowing their expansion plans.
http://webcache.googleusercontent.com/search?q=cache:H2VVybcnyFkJ:www.barrick.com/GlobalOperations/NorthAmerica/Cortez/default.aspx+barrick+cortez+battle+mountain+trend+cyanide&cd=2&hl=en&ct=clnk&gl=us
http://www.knelson.com/
Great to see you posting FWF.
Dore gold bars come in a varying degrees of "purity" from each producer. They can be up to 90% gold but usually are in the 80% range. The refinery can't give monies to the producer until the purity and therefore the quantity and value of each bar is ascertained.
One would have to suspect the refinery and producer wait until the refined gold is actually "resold" to determine the monies earned. That would determine PCFG's profits.
When you get credit for delivering gold to a refinery, what does the refinery's credit buy? Do you get your gold back? LMAO.
If you're not impressed with a management team that has done exactly EVERYTHING they put in press releases for the past year, then you'll never be impressed.
Could you please show the board another junior gold miner where their management is actually mining gold within seven years of start-up. This group did it.
Good luck in finding a stock that meets your criteria.
Ref: "from the low of .0355 to .049!"
That is still only around 30% "retrace", not the 50% you cited.
How is .0425 a 50% retrace from .049? Isn't is more like a 13% retrace from .049? If you take the high of .084, .0425 is around the 50% figure.
Ref: "There is no selling pressure! .0425 is 50% retrace from .049 in the right sholder of an inverted head and sholders pattern that has developed!"
Touche'! It isn't regulated. Lol
Just because "You don't think" doesn't mean much. Basing an investment on your lack of knowledge would be speculative. PCFG Management has been extremely transparent with information. The company sounds much more optimistic than you.
Did you read their August 15th Press Release, slowly.
They have a schedule for production that shows profitability much sooner than what "you think".
Would you please clarify how this is speculative. Thank you.
The audacity of those guys to actually produce the gold via mining versus estimating what is there. Yea, it makes a lot more sense to spend money on estimates rather than ounces produced.
Oh, wait. They're in the richest gold region in the richest gold state in the world. Yes, more gold has been mined in Nevada than any other region of the world. Their mine is between two junior miners named Newgold and Barrick. Heard of 'em?
They've already had independent reports from two sources, Bharti and Robertson. Yes it was long before the Canadians came up with the 43-101 because of some penny fraud scam. Bharti assayed the entire Crescent Valley including the Newgold and Barrick sections. Guess what, the gold that was predicted to be there, is.
Who cares about spending money to upgrade the Website so shareholders can look at pretty pictures. I hope they put their efforts right where they are, in production.
They didn't quit, so that leaves........
I think Foxwoods and vlftrader will continue to post, as they have today, as regular board members. They were just forced out as moderators. I think they still hold their shares and will continue to provide the board DD, just not as mods.
Hang in with us here Foxwood and thanks for your long term efforts to keep the board on task.
There's a trove of information from dozens of PR's from the past six months and you decide to get opinions from a message board. That there is some solid due diligence.
Welcome to ignore.
He's saying they choose to validate by actually producing the gold. They're not looking for estimates, they are beyond that. They are extracting the actual gold.
You won't find a more transparent company than this one.
You're really reaching.
If you "honestly" look at the litany of PR's and updated quarterlies in the past six months you'll know that this company is progressing rapidly.
Of course, you know all this but simply want to get in at a lower price. Manipulating stocks is a felony.
Lol, so you're admitting that you really haven't read fully all the publications the company has put out and you prefer distortions to facts.
I understand.
Ah, still telling only part of the story eh stamplicker.
What's the old quote, "lies, damned lies and statistics".
Why don't you include that it was for two weeks of concentrating, they were calibrating the concentrators and that they used old mud flows that were already at the facility that bore very low grade ore.
Why not state all the facts instead of partials?
Well, there are a lot of precious metals companies. If you find this one "funny", go find one you like. It's a large and profitable sector. Shouldn't be much of an issue finding a winner or two.
I didn't call you a chartist. I referenced flippers moving the price up and down while the overall value of the company is going up. I asked you about what bad news you were referencing.
Congratulations on "luck of the draw". We all get some at various times. Hope you have more.
Why yes we do, read the Press Release from August 15th. It is very detailed and will tell you all you need to know.
Did you know that gold is over $1800 per ounce and that gold miners are making record profits in the past year?
Uh, the dangling thing-a-ma-jiggy by which some men compare and judge their "manhood".
Hey foxwood, charts are in many instances a self fulfilling prophecy IMO. We have to pay attention because many play by them.
Based on the past six months of accomplishments here, there are many PR's that will come forward in the next few months. Don't normally buy and hold penny stocks but this one is very different. Mitch and gang just keep plugging forward and making things happen. Making great decisions and increasing the value of the assets they control.
At some point, the charts are going to have to get closer to actual valuation of the company.
What bad news are you alluding too? We have had setbacks but the Management has overcome every one of them and forged forward.
I fear that many of us have begun to take ourselves too seriously and only want to hear the good news.
The intrinsic value of the company goes up with every Press Release. The fickle traders may move this up and down but the intrinsic value of the company keeps going upward.
-We're producing more gold than we were 1 1/2 months ago.
-We have more gold property than we did a month ago.
-We are closer to funding from Pilot Mountain than we were a month ago.
-We have more clarity and insight as to production goals than a month ago.
-We're closer to a decision by the NDEC as to getting additional geo-tubes.
Look at the progress this little company has made in the last year. Accomplishments from even the past six months have been beyond amazing.
And yet the price is lower than a month ago. The lows are higher and the highs reach new peaks. If you're a chartist, look where we've been and where we are going.
Why are we playing the "my unit is bigger than yours" game"? Many here are up more than $25,000 in the past year on this stock but haven't said a word. Those who hold at least a year won't have short term taxes either. Some posters enjoy notoriety, some like to be more circumspect.
This company is doing everything they have PR'ed and many here still have their shares, expecting a continued rise into the future.
You really missed another call on "the bottom" so now it's back to attempting to manipulate emotions so you can get back in.
Remember when you were calling for a drop to .019 last time and then chased well past .024. Yes, you have been wrong on more than one occasion.
So stamplicker123. When is the next PR being released? You intimate that you know when it will happen:
Ref: "So, it is safe to say that the week leading into the timeframe of the next PR/Q10 will have a higher PPS then now, just on anticipation alone."
What week will that be? What will the nature of the PR be? Will they announce they've received funds from the Pilot Mountain sell? Will they let us know that the NDEC has granted them additional geo-tubes for a major ramp up in production? Will they give us results for a full month worth production on "gold layer" gravels? Will they announce a J/V with another firm at Fernley?
You don't have a clue on the next PR "timeframe", so you're being very disingenuous suggesting you do.
Out of courtesy to shareholders, so we didn't have to wait an entire quarter to hear production results, they announced the last PR issue date. They only worked TWO WEEKS. Unfortunate for you, they didn't announce the next PR release date.
You also know they used poor gold bearing material top layer mud that was already near the concentrator to calibrate for the initial extraction. Quit trying to manipulate this for your own personal agenda.
Pilot Mountain.
Yuppers. It they get NR up to maximum, it will fund the build out of Fernley. The first one is the key to multiple producing properties.
I'm with Fox on this one. Pilot Mountain may be worth more than 3 mil but PCFG is poised with a "golden" opportunity, right now.
With gold going exponentially higher, if they get approval from the NDEC to up-size Nevada Rae to four or five times the present volume and they have cash to make the transition, it is literally worth tens of millions in income. Financially speaking, the 3 mil (minus the legal hit) is far better used now, to produce gold than building out PM at a later date.
You're right. The SP has dropped but the intrinsic value of the company is higher now, than when were were at .08 cents. Every day we're closer to scaling up for more gold production and we have the additional gold reserves in the B&B claim. I hope Management continues with their game plan from the Production PR. When they're cash flow positive and able to support the company through gold production, then visit reducing the Authorized Shares issue.
You have the right numbers. Here's a link:
http://www.secform4.com/insider-trading/1137855.htm
Naked shorting can kill a company that doesn't have another means of financing other than issuing new shares for capital. Naked shorts can dilute share price to the point of starving any weak firm for lack of funding.
Is PCFG one of those companies? IMO, absolutely NOT! They have begun producing one of the most valuable substances on earth, gold. A commodity that is appreciating very rapidly. PCFG is in the right sector and is producing at the right time. Every PR, they list the OS and it is remains the same, they are not diluting. Based on the production schedule they will be able self finance without dilution.
I'm a buyer at these prices and will continue to do so. Keep your chin up longs.
For anyone is looking to buy here, I put an offer for 100K at .0379 about 5 minutes ago. At the time there were 5K purportedly for sale. They broke the sale into 50K, 20K and 30K with the initial sale over 1 minute after the order was placed. It took over two minutes to finish getting the shares after the first fill. I take it as they're scrambling for shares and some Ask hits will move the price upward.
Meanwhile, in the real world, gold is up to 1790 per oz. The market is swinging prices up and down on some very abrupt moves. The general overall trend for gold, still upward. At some point, the games here will have to face this reality, PCFG is a gold producer.
Well, quit putting those 1 mil shares up for sale and it won't appear any more. Gamesmanship.
You want meaningful communication? How many PR's have we had in the past four months? We've had 23. That is more than one a week or 5.75 PR's per month. This is not the dearth of information you're complaining about. This is a transparent company.
You want details? Re-read the August 16th PR on production. They are spelling out exactly what is going to happen in the next quarter and beyond.
Whine away and tell me I don't understand concepts but the facts are pretty plain. We are getting regular does of viable information from Management and it isn't fluff or second hand.
I must have picked it up from you! LOL
Ref: "They need a Walt Disney".
You want Walt Disney and Fantasyland, that figures. I believe most here will take direct candid reality and honesty.
The funny thing here is if PCFG was paying for a PR firm, you'd be complaining about them burning funds they don't have.
Pray tell, exactly what information would the PR firm provide that the company can't provide? The PR firm would get their information directly from the company. So, in essence, you don't want direct communication from PCFG, you want everything second hand. Pretty funny.
He's right. Check the charts, it isn't an opinion. PCFG had the lowest volume in 26 trading days today. That's well over a month ago. I guess he can be sure.