Pacific Gold Corp fka PCFG

[hinkydink]

I beg to differ with you concerning the fuel cost aspect. South Carolina (by my understanding) has some of the cheapest fuel costs in the nation. The best price I can find for diesel is $3.49. That is up from $2.89 I was paying about 2 months ago.

Fuel may be getting cheaper where you reside, but the view from here has been changing about 10 cents/gallon every 10-12 days. It wouldn't surprise me for fuel to be close to $5.00/gallon sometime during the summer.

I don't know how that affects the cost associated with the mining process, but it will cut into the margin somewhat.

The argument that PCFG may be waiting for the further rise in the price of gold does not hold any validity for me. It is currently at near record highs. The profit prospects far exceed what they did a couple of years ago! Though I firmly believe in the long term prospects for gold futures, there could be a retracement at any time as we recently witnessed.

Nuff said!