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Re: foxwoodsfan post# 6420

Monday, 02/21/2011 5:32:18 PM

Monday, February 21, 2011 5:32:18 PM

Post# of 118202
If these numbers are accurate and PCFG is going to produce approximately 1000 ounces of gold per month this year, then production is very very near.
From 11/23/10 PR- "The Company plans to begin gold production at Black Rock Canyon in 2011 in a range of 6,000 to 12,000 ounces per year in 2011."
So lets take the middle of the estimate for production this year and say that they plan to produce 9000 ounces in 2011. Well, if they do indeed produce 1000 ounces per month, they have to produce for 9 months in order to reach that 9000 ounce mark. That would mean production would need to begin 4/1/11. Keep in mind that Mitch has repeated over and over that everything is on track and going as planned.

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