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Great post below from Airdale1 YOU MAY HAVE SEEN:
Happy Saturday! We are up at my husband's Mom's!
Top Ten reason PCFG is a hot stock.
1.The gold market is hot, very hot. The weakening dollar which has been the defacto monetary standard is being diluted with $600 billion more bond buying dollars from the U.S. Treasury. This is in addition to over a trillion extra printed in the last several years. For every dollar gold goes up, it is a dollar to the net profit line.
2.The mines aren't in Canada or Siberia or South American. This is a U.S. Company with easy access to I-80 and substantial cities like Reno, Las Vegas and Salt Lake. The location affords labor, equipment, easy delivery of product and needs.
3.This is a Jr. gold firm but it is not a start-up. Documents provided here on IHUB have shown the strategy, planning and execution by managements for a large part of the last decade. The ore laden land was acquired when gold was selling for under $300.00 per ounce. It wasn't profitable then but it sure is now. This management group has been patient and very savvy.
4.They have almost a million ounces of known reserves at this time. That is a large asset if they need loans. It's is also lot of revenue potential. They have potentially far more reserves as holdings.
5.There are no environmental or regulatory hoops to jump through. They are ready to produce gold, now. Also, they have a unique process with a synthetic fiber and water to separate the precious metal from surrounding overburden. With all the arsenic and caustic chemicals used in many other operations, this should make everyone happy.
6.They are debt free. How many OTC/Pinks do you know that are debt free? See number #4, they can get loans.
7.The share structure shows 743,732,651 shares outstanding. That's a bunch. However, over half the O/S are owned by management. Our interests as shareholders could not be more aligned. What happens to us, happens to them. One also has the think they are looking at a buyout with that many holdings.
8.The first three things to look at in real estate, 1. location, 2. location, 3. location. Yes, this is another location item, two of our neighbors are Barrick and Newmont gold. You may have heard of them.
9.According to the Oct. 28 PR, Buyins has 268 million shares shorted. Anyone have a match? The start of operations will begin the conflagration of a lot of fools.
10. They are ready to announce the hiring/JV with contractor haulers and the production of gold is happening. This isn't some years down the road event, we're waiting for impending news. This is one of the least speculative Juniors you will find.
There are some very nice Jr. gold firms out there. There are no Juniors that have all the above going form them. This is a unique opportunity for a lot of us.
Thanks for your post. I think it may take 6 mos to a year for CNEX to again reach .0006-.0007, but I believe they DO HAVE the gold there, and it is just a matter of developing it and proving it, via IP and drilling.
Heck, they may even have to go through another leadership/CEO change for this thing to turn around. But, I figure I have only invested $1,200 in it (now down to about $200) and I don't have any more to lose than I've already lost, so why not let it ride, set it and forget it, and just monitor it periodically, and see what happens next! It could make us a lot of money, given some time!
I am glad you peeked at your other PC*G acct. and you are UP quite a bit. I am so glad to be in these two--CNEX and PC*G, and I think I am going to hold both long term, into multiple dollars, if it goes that far-----which i think it seriously could!
I see about the risks of penny stocks, and not wanting to be long for too long. If they are having trouble, they can R/S or declare bankrupcy....I will have to keep an eye open and see what is happenning!
Thanks for all your GREAT posts!!! With a 3 Bill market cap in the making, what eventual share price do you see this one at, please?
I am up 178% on my investment! Yippeeee!
People do seem to thing good things happen overnight. Patience WILL pay off with CNEX!
I've been in PCFG for about 1 week, and it is a long term hold (years) for me. I am not a flipper, at all. All my gold/copper mining plays---PCFG, PROBF, WOLV and CNEX are long term holds for me. How about you---what is your overall plan?
I hope it runs too! They HAVE the GOLD, it's just a matter of proving it to the world, with IP an drilling studies! Then, we're RICH!
Sure are! We are going skyward! This is so exciting!
You got that right! I own about 760,000 shares of CNEX so I'd be sitting pretty right now if CNEX did the same as PCFG! It may do so, just give it a little time!
I am so glad I've got the 12,600 shares I do. I am staying in the other ones I have and not 'jumping around' to get more PCFG, even though it is tempting! She is a MONSTER STOCK!!!!!!!!!!!! You are so right!
I am in CNEX pretty big time, but am also in PCFG---you may want to check that one out too, as it is on a tear right now!!
We're IN THE MONEY now, Trapper! Thanks SO MUCH for recommending this one to me! I owe you one! This is doing SO GREAT today! Thanks for your PM.
WOOOO HOOOOOOO! We are rocking and rolling today! Go PCFG!!!!!
Trapper--Thanks for your most informative message. I appreciate knowing that IP should not take more than a month to complete, and also knowing when in March 2011, Edwin has to complete his 2 payments of 150,000 each, plus pay for the new Claims. Thanks lots!
Trapper===Do you think it takes a long time, possibly, to negotiate an IP Survey with a company like JVX?
How much does it even cost, I don't know?
Did you see my e-mail reply from Karen---she forwarded that info. about lease payments due in mid-2011, etc.. to Edwin! In case he didn't know about it!
That is great news that they are working with JVX, the Ip survey co., to schedule that!!! Good work, Candice.
BSNB/Amy
I sent Karen an e-mail asking her when the IP survey will start, as I think they will do that before drilling. She has not replied yet, but you may want to send her another e-mail, yourself. It might help to know we are anxiously awaiting answers.
It is great to see my balances in the GREEN several days in a row, for a change!
Yes, both PCFG and PROBF seem to be doing quite well. I am very glad I joined in on both! Thanks for all of your help!
2-3 weeks for Chromite quantities sounds great! I had never heard of Chromite until I encountered this stock...
$3-5 a share, in 3-5 years sounds about right. Go CNEX!
Hey we are up 17% with 16M traded! Looking GREAT! Thanks for your PM.
In terms of time I am thinking 2-5 years before KABOOM! I don't know much about the scenario you described, so I am not sure it that will come to pass. You may want to ask Trapper Jim.
Go CNEX! More power to you, buying 2M today! Get that price to go up!
I like your scenarios from worst to best. I am an optomist and I think, given time, this will hit a dollar or more and our DREAM WILL be realized! More power to you and your great optomism!
I understand about consolidation mode. I can't wait for the next news! Go PROBF! That map on the iBox with all that pink is awesome!
Carnac--I bought some more PROBF this morning, after DD reading and consideration, and also reading some of your earlier posts, especially the one estimating the future SP at ~ $45!
I'm a believer too, Candice! I own about 760,000+ shares and am holding onto all of them. This is going to turn Northward shortly, it is just a matter of a little time!
No, these cheap PCFG prices won't last long! Glad you picked up some more, this morning!
Morning Trapper. I will check it out and see how well PCFG is doing today! Thanks for the tip.
find one in a several month stagnate period, estimate what you think you will earn on it by christmas and if Probe out earns it sell and buy
Nice to see you too, Banker. I agree, we likely cannot go wrong with PCFG! That post by tvguy was awesome! GO PCFG!
Carnac---Thanks for letting me know your PR is in the public messages!
PCFG may very well be the best and most rewarding of all my gold stocks too! Cheers! GO PCFG!
Trapper----Thanks so much for your PM and the great advice. I think, based on my own DD and your great advice, I'm going to stay where I am and stay with the 5 mining stocks I have now, rather than rushing around and risking a loss by "chasing returns". You are right, we are in PCFG EARLY on, and all is GOOD! Thanks again for your advice.
It is a priveledge of being an American----the right to vote!
You have a great attitude, too, and are right to ask the general complainers who did they vote for.
I am debating whether to sell W*LV and S*MI to buy more of P*FG and P**BF, all mining companies. What do you think---should I stay diverse and keep W*LV and S*MI, owning 5 mining cos., or sell them to accumulate more P*FG and P**BF? Or, would that be chasing returns? Your opinion is valued.
Accumulation will pay you well! Go PCFG!
You posted an amazing post, I just found it. Thank you!
You are making me want to buy more PCFG, and to do that I will have to sell another property/mining interest I have, but it is probably well worth it.
Where did you post the PR about Probe? In the IBox, or somewhere else?