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Very interesting. Well, no QE3 announcement last Friday. Things could change I suppose.
GLTA!
Yup, could turn into a longer hold for me as well. Exactly, as gold continues to head up, who knows where a sold junior gold miner could end up.
GLTA!
Hmmmmm.........
GLTA!
Couldn't agree more Cee, on both fronts.
GLTA!
Yup, cheap snacks!
GLTA!
Doesn't matter about the number of shares IMO. It's buy low and sell at a high point, right?
GLTA!
Cannot forget the potential of a buyout as well once the NI 43-101's are completed.
GLTA!
If gold keeps trending up, and I'll bet my left arm it does based on world economic events/policy, then IMHO PCFG is at least a 10 bagger in 2-3 years minimum.
Many events yet to unfold here, Fernley, Project W., B&B NI 43-101 in 2012 as stated by the company.
If in 3 years PCFG is able to product 20,000oz/yr and gold continues to rise to $2,000-$3,000/oz which I believe it will, what's PCFG worth????
GLTA!
Yup, agreed. 2-3 year hold for me.
GLTA!
You are right vlf. Patience is a virtue as I'm told....lol.
GLTA!
Yeah, big spread.
GLTA!
Completely agree fox. MM's, shorts, etc. Even with profit takers, no way the PPS should be down here. All in good time.
GLTA!
Will be interesting to get some Black Fire news.
GLTA!
Couldn't agree more sx. The key is patience.
GLTA!
Nice day today.
GLTA!
Right vlf. We'll see what comes tomorrow.
GLTA!
We shall see how the week unfolds....would be nice. Holding long anyway, but always good to see some "Green".
GLTA!
Buyout offer is a distinct possibility, but in the future IMO.
GLTA!
Agreed SN, should get some Black Fire news soon.
GLTA!
Excellent article!
GLTA!
Yup, heavy shorting exists. It is what it is, but eventually revenue for PCFG will outperform the shorts.
GLTA!
Yup, agreed. With news that could be coming soon.
GLTA!
Good approach IMO. I will continue to accumlate as well.
GLTA!
Amen!
GLTA!
Excellent post fox, completely agree with our assessment.
GLTA!
Man, ain't that the truth....cheapies available!!!
GLTA!
Very good idea H3. I think that would go a long ways to infuse some confidence.
GLTA!
Nice post fox! What a joke.
GLTA!
Couldn't agree more Falcon. As time goes by, PCFG's balance sheet will improve until the point where shorty will be crushed. Might take some time, so the key is patience IMO.
GLTA!
I agree that at the very least they should reduce the A/S, for perception is nothing else.
GLTA!
LOL, right..:)
GLTA!
"They have then done EVERYTHING they said they would do." Exactly air! I want exactly what management has done....transparency!
GLTA!
I agree silver, more personal profit.
GLTA!
Yup, overall trend of gold will be up even with the attempt to keep it down...LOL.
GLTA!
Nice post star. Right, 2-3 year hold IMO. It may take that long for PCFG to get everything ramped up.
GLTA!
Right, exactly.
GLTA!
One accumulates as much as one is able to. Nothing wrong with being content with that amount.
GLTA!
Timelines are individual. My reasoning for a 2-3 year hold is:
1) Gold will continue up (general trend) as European and U.S. debt lead to inflation.
2) It may take that long for PCFG to ramp up production at BRCM and Fernley to it's maximum amount.
GLTA!
Don't disagree. 2-3 year hold IMO. If one has the capital, buy the dips IMO.
GLTA!
Nice crystal ball....:)
GLTA!