Fully agree Sam.The public backlog at assay labs is not sustainable,unless PZG holds back a few dozen drill samples,then sends all in at once.I assume they send small batches in so would expect a pattern of regular releases,after an initial delay.
IR said regular assays releases would be occurring -such a pattern is not occurring.
PZG has been trying to buy out TRGD from San Miguel for some months.That may be a factor in both the lack of assays and lack of a resource update. PZG has at least 100 million ounces already-not that the public knows.30 million ounces attributable to TRGD gives a $1 a share there alone to TRGD.$30 silver would increase the inground silver value form about $2.50-$3 an ounce to nearer $7-8 .
Probably the SM drilling occuring now is testing sites pinpointed by 3 dimensional models built up by PZG geologists and deeper drilling too.Both give promise of finding richer zones and greatly increased value to the resource.
PZG offering TRGD shares,while at a lower price,would suit TRGD,but PZG is ofering too few PZG shares for our share of SM.23 million PZG shares would give us 30% of a fully diluted PZG,but nowhere near that is being offered.(Then again.PZG is more than SM,but SM is still most of the value PZG has.
PZG certainly has potential SM buyers in the wings.
AI
