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I hope you know that article is from 2007. EOM
Interesting dt. There is a good chance you are correct. As an example I will mention one that was pumped in the way I mentioned and by theat site I mentioned. It was CPMCF. It is .03 now and it went up to around .80. I called the CEO and asked him why he thought it went up like that and his response was "Must be some foreign investors" LOL
Speaking of "Pump&Dumps", I wonder why one of those penny stock picker/pumper sites has not picked PCFG. Maybe because PCFG is a real producing mine! I get an e-mailing from one called "Awesomepennytocks.com" At the bottom of the e-mail in real small letters it says in essence: "Awesomepennystocks has been compensated $10,000 by a third party to promote so and so stock.
So why hasn't a well to do third party paid to pump PCFG? Humm
Hey sounds good to me as I am in the market to buy a house! Doing that is all that more exciting because of my investment in PCFG! Maybe in 6 months to a year I can pay it off with my PCFG windfall!
I agree about manipulation but isn't there a supply and demand issue going on to?
And thanks slyfox! EOM
Thanks VLF! EOM
Please remind me of PCFG's relationship with Black Fire Minerals. Thanks.
Frank
Great site sx1100, thanks. EOM
H3, Congradulations on the purchase of many shares of PCFG! I don't think that we can go wrong!
Well this being the modern age, I'm gearing up to go gold hunting using a new sophisticated pulse induction metal detector. My mule is actually 261 horses and is a 4x4. I will still need a digging tool though. :)
GO PCFG!
Frank
Hey H3, only cure is to find some gold! Next best thing if you can't go out to find some is to buy 100,000's of thousands of shares of PCFG!!
Many photos of gold nuggets:
http://www.mine.mn/gold_nuggets.htm
For entertainment purposes only! Along some available reference material about gold.
I expect when PCFG gets near bedrock, some nice nuggets will show up. I hope the company posts some pictures of the gold they find on their website.
GO PCFG!
Great post Fox! I am one of those ("very few actual long-term investors") actual long term investors. Orginally bought back in December and added more along the way! To many positive events to take place for PCFG in the now and future for me not to stay long.
Yes a producing gold miner is the place to be! PCFG has so much coming up for us investors!
He@@, Maybe we should become a conquering power and kick some other countries buts and take all ther wealth. LOL
Article: Why Junior Gold Miners?
When investors seek more aggressive exposure to the price of gold, they will often purchase shares in junior mining (or mid-tier) companies. These are companies that are either exploring for gold or in some stage of the commercial production process.
Junior gold miners provide the possibility of significant upside leverage to the price of gold. For example, if gold is selling at $1000/oz and the cost of underground production is $500/oz, there is upside leverage of $500/oz. Surface gold or open pit gold can lower production costs to as little as $100 to $300 per oz., thereby increasing the possibility of upside leverage. What makes these scenarios attractive is that even if the price of gold were to decline, the potential for upside leverage still remains.
There are an estimated 3000 junior mining companies in various stages of development. These include:
Exploration
Developmental
Proven reserves
Near-term production
Commercial production
The challenges faced by junior gold miners can include:
No access to investment capital
No geological support to target additional exploration
No drilling support to confirm additional discoveries
No expertise in permitting, bonding, legal and accounting issues
No ability to take their project into commercial production
Sifting through and analyzing some 3000 junior mining companies in various stages of the development process can be a daunting task. Circumstances can change quickly. Risks can run high. But so can the rewards. If a junior mining company has strong management, solid financing and a significant number of mineable and proven reserves, its potential for success dramatically increases.
Because junior gold miners start out with substantially lower market caps than major gold miners, and because significant risk is often factored into their share price, their first major discovery or the achievement of commercial production can multiply their share price.
A junior miner whose share price doubles is said to be a “two bagger”. If the share price increases five-fold it is called a “five bagger”. If the share price increases ten-fold it is called a “ten bagger”. Very few junior miners ever achieve this mutiplier effect because of the risks associated with the mining sector in general, and junior miners in particular. Less than 5% of all junior miners will ever achieve commercial production.
For those junior gold miners who achieve commercial production, the rewards can be substantial. If a junior miner reaches 50,000 oz/yr of commercial production they are considered to be a mid-tier producer. There are an estimated 50 mid-tier producers. When a company reaches 1 million oz. of commercial production each year they are considered to be a major producer. There are approximately 20 major producers.
With junior mining companies, circumstances can change quickly. Risks can run high. Due-diligence is the key to success.
http://goldenphoenix.us/whyjuniorgoldminers/
And the ramp up has to do with the additional dewatering bags, right? I beleive they are waiting for the permits for that. That will be another very positive news item to come!
Gold $1656.60 an ounce! WOW! What a fantastic time to own part of a gold mine!
http://www.kitco.com/charts/livegold.html
carhauler..Please post the pics. Thanks. eom
Great carhauler. Maybe a short video. eom
VortMax! Great work! Love the spreadsheet and projections, WOW!
Hey Wolverine! I'm not trying to nikpick but I think the term "Gold ore" for a placer mine is not correct. They are a placer mine mining Aluvial deposits. So they are getting fine specs of gold. On their website they mentioned it as "coarse, 60 mesh" which I belive is 250 microns in size. As they get deeper and deeper the gold size can and should get bigger. I've done a lot of placer mining myself using a small gold dredge. In their case the deposits are ancient and have no water thus they supply the water via their wells to process.
Frank
Does anyone know if they are working the BRCM 7 days a week?
Just curious.
Frank
Thanks for your thoughts eaglesrule, that's kind of what I thought.
And shouldn't the actual float (available shares) be part of the share price calculation? Or is it simply supply and demand.
Manipulation is combined with bashing to shake out weak investors. Of course you already knew that.
GO PCFG!
Attention board moderators:
Why do you allow post 55634?
Reference Jmis response because I have that basher Robo on ignore.
Look at #3
Why is a statement like that allowed? Please tell me?
Thanks
Lonterm investors. That what I hope we get more of. Also hope institutional buyers will buy a boatload of shares. All for the future of PCFG's expansion!
I'll just call you Nitwit. :) eom
You know there is a "buy on news" crowd too!
Yes, hungry neighbors! eom
Thought: Buyout offer. With production news could we be closer to a buyout offer from one of the biggies like Newmount or Barrick?
Other places todays news show up:
http://www.silobreaker.com/us-gold-names-william-faust-coo--quick-facts-5_2264737682183684310
http://newsblaze.com/story/2011072705301600004.mwir/topstory.html
http://www.fernleynews.com/
http://mining.einnews.com/news/precious-metals/nevada
http://stockalyzing.com/mining-and-metals-news.html
Production news is not on all sites that it should be. I still don't see it on Yahoo. I did find it here:
http://www.marketwatch.com/story/pacific-gold-corp-black-rock-canyon-mine-gold-production-2011-07-27-831550?reflink=MW_news_stmp
Thanks Lostball.. maybe MM'ers paid off yahoo. LOL
How come Yahoo finance not showing production news? Anyone?
Thanks!
Yahoo!
sx1100, excellent post. eom
Quite a tempest. Hailing gold nuggets! eom
A very detailed form 10K with color, maps, photos, etc. Interesting info from March 2011:
http://www.faqs.org/sec-filings/110321/PACIFIC-GOLD-CORP_10-K/