News Focus
News Focus
Followers 0
Posts 9433
Boards Moderated 0
Alias Born 10/22/2009

Re: None

Thursday, 11/11/2010 4:21:27 PM

Thursday, November 11, 2010 4:21:27 PM

Post# of 118206
Geotube DD, Volume Specifics, Gold Potential

Thanks all for the team effort!

****Claims that production start is in February may not be confirmed as once thought, leaving the possibility that production could start at any time, what is know is 4 large tubes were bought, and more may be on the way. As far has how much production PCFG plans to do when they start, they have 4000 cubic yards worth of geotubes to work with at a minimum, that would be 100,000 yards/month if they were all used each day with Sundays off. (They PR'd in October that for 1 shift 36,000 tons/month could be done which is about 30,000 yards/month, so they have purchased the ability to go up to 3 shifts per day). Mitch, the COO says the gravel gets .7 to 1 gram of gold per yard or .85 on average, so as an example, if 100,000 yards/month were dewatered, that's roughly 85,000 grams. There are 31 grams in 1 troy ounce, so that would be about 2741 ounces of gold/month or 32,892 ounces in 1 year. We have not confirmed how many tubes they will use per day or how often, but they have the capacity to do produce 2741 ounces of gold/month. All of these figures correspond to what has been publicly stated by the COO of wanting to do 3 shifts at max capacity, the question is how quickly they get there *****

This is the company PCFG is buying the tubes from:

http://www.usfabricsinc.com/

4 Tubes ordered from U.S. Fabrics on 10/07/10:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56537452

The tubes are 20' in Diameter and 100' long (1000 cubic meter capacity):

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56539335

More tubes coming?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56538537

Link to U.S. Fabrics Tubes, PCFG bought 4 of the 1062 cubic yard geotubes:

http://www.usfabricsinc.com/reference/geotextile-tube-volumes-dewatering-capabilities

Do your own DD

Crushing Pinklyland Est. 2009

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today