Great post below from Airdale1 YOU MAY HAVE SEEN:
Happy Saturday! We are up at my husband's Mom's!
Top Ten reason PCFG is a hot stock.
1.The gold market is hot, very hot. The weakening dollar which has been the defacto monetary standard is being diluted with $600 billion more bond buying dollars from the U.S. Treasury. This is in addition to over a trillion extra printed in the last several years. For every dollar gold goes up, it is a dollar to the net profit line.
2.The mines aren't in Canada or Siberia or South American. This is a U.S. Company with easy access to I-80 and substantial cities like Reno, Las Vegas and Salt Lake. The location affords labor, equipment, easy delivery of product and needs.
3.This is a Jr. gold firm but it is not a start-up. Documents provided here on IHUB have shown the strategy, planning and execution by managements for a large part of the last decade. The ore laden land was acquired when gold was selling for under $300.00 per ounce. It wasn't profitable then but it sure is now. This management group has been patient and very savvy.
4.They have almost a million ounces of known reserves at this time. That is a large asset if they need loans. It's is also lot of revenue potential. They have potentially far more reserves as holdings.
5.There are no environmental or regulatory hoops to jump through. They are ready to produce gold, now. Also, they have a unique process with a synthetic fiber and water to separate the precious metal from surrounding overburden. With all the arsenic and caustic chemicals used in many other operations, this should make everyone happy.
6.They are debt free. How many OTC/Pinks do you know that are debt free? See number #4, they can get loans.
7.The share structure shows 743,732,651 shares outstanding. That's a bunch. However, over half the O/S are owned by management. Our interests as shareholders could not be more aligned. What happens to us, happens to them. One also has the think they are looking at a buyout with that many holdings.
8.The first three things to look at in real estate, 1. location, 2. location, 3. location. Yes, this is another location item, two of our neighbors are Barrick and Newmont gold. You may have heard of them.
9.According to the Oct. 28 PR, Buyins has 268 million shares shorted. Anyone have a match? The start of operations will begin the conflagration of a lot of fools.
10. They are ready to announce the hiring/JV with contractor haulers and the production of gold is happening. This isn't some years down the road event, we're waiting for impending news. This is one of the least speculative Juniors you will find.
There are some very nice Jr. gold firms out there. There are no Juniors that have all the above going form them. This is a unique opportunity for a lot of us.
