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True, if you want guaranteed returns in a major producer, Newmont, Barrick, etc are the way to go. However, the returns will not be as high as investing in a junior just starting out.
Will Newmont or Barrick double in the next 2-3 years? Maybe, but with PCFG the upside is much higher IMO.
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2-3 years from now PCFG production numbers will be much higher, and so will the PPS.
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That's why this is a 2-3 year hold for me.
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And gold will continue to go up!
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JP Morgan picking gold to be $2,500/oz by EOY.
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Gold $1898/oz.
http://www.goldprice.org/
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True, that's why I have no problem with PCFG management waiting to complete an NI 43-101 on BRCM and the B&B claims in totality until 2012 when they have the funds.
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Agreed, I thought that originally by "sales tool" you meant in a buyout situation only.
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Nice post Phred, bottom line is a longer term investment.
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If you are saying it's a sales tool to also attract investors, I absolutely agree with that. It gives investors confidence in what the company has in the ground and potential future revenue performance.
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True, it is a sales tool for a potential buyout, but it also gives investors reason to invest in a mining company other than just the production numbers.
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Well, they have stated that they are going to NI 43-101 BRCM area and B&B claims together some time in 2012, which makes sense. I disagree, an NI 43-101 brings credibility to a company allowing it to become more attractive to "investors". It isn't just a sales tool IMO. I do agree that now may not be the time as they should be throwing all available funds at BRCM production.
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Couldn't agree more hink!!! Holding all of my shares, and the only thing I will be doing in the near future is adding!!
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Agreed h, junior gold producer!!!!!!! Anyone who thinks the price of gold has topped out is mistaken IMO. The world economic landscape will bear that out.
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Vort, I do agree that to suggest that NI 43-101 isn't necessary wasn't the smartest thing to say. NI 43-101 is the world standard for estimating what the company has in the ground. Having said that, nothing has changed my 2-3 year hold on PCFG.
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Bottom line is that PCFG is a gold producing junior, and patience/accumulation will pay off here IMO.
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I agree Phred. Nice post.
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You just answered your own question lol, nice post.
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Right rat, bottom line is that nothing has changed with the company. Fully reporting junior gold producer with a bright future.
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Nice post BB.
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vlf, very sorry to see you go. Your work here, much appreciated.
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Yup, that stinks.
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Yup, it's a great question. Exactly, would be pure speculation as you said. Either way, gold will head much higher IMO. Currency dilution is occurring all over the world.
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Good question hink. As gold heads higher, it sure makes currencies look devalued.
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Nice stash BBNCT!
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Wouldn't be surprised to see that at all.
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Nice post....period!
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I agree that all information should be posted on Ihub boards, negative or positive (assuming the info. is based on facts). Bottom line is PCFG is producing gold. You want to post something? I'm all in favor of your posting anything you want to.
I'm looking 2-3 years down the road when Gold is +$2,000/oz and PCFG is producing 20,000oz/yr!
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Agreed!!
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More transparency? This company busted AS$ to become fully transparent (OTCQB). Not to mention that the last PR (Q) was full of information.
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Yup, I'm holding for much higher ground, much higer % gain.
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Hink, completely agree. I'm holding all my shares. Haven't sold one.
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Completely agree sx! Of course there's nothing like the old "ignore" button if one needs it.
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Wise words! No brainer it is!
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Right, B&B claims too! Exactly, management is focusing on the right area....gold!
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Exactly, get BRCM rocking at maximum capacity then go from there. Agreed, BRCM should fund Fernley.
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Completely agree fox. BRCM and Fernley....period!
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Agreed air, I would focus all efforts on BRCM and eventually Fernley.
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Same here. Bunch of small gains strung together can be very nice!
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Yeah, that doesn't sound too bad...lol.
GLTA!