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Re: None

Tuesday, 05/10/2011 7:19:50 PM

Tuesday, May 10, 2011 7:19:50 PM

Post# of 118202
Does anyone think it's at all useful to know who provided the $500,000 investement in PCFG? I'm not sure how significant it is, maybe not at all, but as of year end 2010, Blackfire Minerals had $3.69 million in "cash on hand". As of March 31, their quarterly report stated they had $3.1 million on hand, or $590,000 less than year end. My guess is that they provided $500K to PCFG and used the other $90,000 for their due diligence on other projects. If Blackfire is indeed the financier, I think it bodes well for the future of the Black Rock Canyon mine. Blackfire looks very well managed and considered experts in the mining field. If PCFG was a sinking ship, I don't think they'd pony up such a hefty sum unless they felt a solid return was in order. Just my thoughts.

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