Providence Gold Mines (PHD)

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200,000+ ounces in the stockpiles?

I did some research on what percentage of gold got processed in the late 1800's/early 1900's, using stamp mills and simple sluicing of the product. About 40% yield, which means that the stockpiles contain upwards of 60% of the original grade. We could be looking at 200,000 ounces or more if they really did not get anymore than 40% of the gold the first time around.

And this is preprocessed ore. They don't have to drill and blast, just scoop it up and drop into a crushing/ball mill/gravity concentrator system.

The downside is no power on the property, so everything has to be portable, but if there really is that much gold they could quickly pay for installation of roads and power.