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Re: goforthebet post# 238

Thursday, 08/14/2014 11:45:08 AM

Thursday, August 14, 2014 11:45:08 AM

Post# of 375
Down the road perhaps. Until they prove up a 43-101, nothing is likely to happen. Once they get a couple million ounce shored up, then yes $1.50+ is possible.

Working toward a PEA is critical to shoe the economics are favorable for Pinon. If the resources looks expandable, and the economics are strong......this location will demand a premium price, no question.

If gold breaks out toward $1900+ again, then all bets are off.......

$3.00+ in 18-24 is possible, but probably not probable. $1.50+ in 12 months is in the realm of reality.

I am holding a Large chunk now, and may nibble more at these lower levels.


Van



'THE VAN'