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Re: None

Monday, 10/05/2009 7:11:57 AM

Monday, October 05, 2009 7:11:57 AM

Post# of 118202
5 Reasons to invest in PCFG:

1. They have several mines that are ready to go online with proven deposits.

2. Small O/S & A/S relative to other Penny Stocks & NO MORE YA!

3. Fillings up to date and in Compliance.

4. Active management team that is willing to accept shares as a form of payment.

5. Stable and Increasing price of Gold.

Small to medium size mining companies are a great investment right now IMO. They are offline because their concentration of gold per tonne of ore is low. So it cost more money to extract an ounce of gold.

The average industry cost to mine Gold is $300 to $400 an ounce. When the concentration is too low that can rise to $600 - $700 an ounce.

So even with gold at $1000 it would be risky for an investor to invest in a mine that has to pay $600 - $700 an ounce to mine gold when the price of gold could easily drop back down to $700.

When/If Gold hits $1250 is when all these mines will go online. Because the investors will see $1000 as the new bottom. Right now we see it as the new high relative to &750.

IMO

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