Pacific Gold Corp fka PCFG

[uwf2466]

I think the market capitalization is the number to keep focused on. The current market cap as of today is $18,419,596.48 (745,732,651*$0.0247).

This post is the best one basically giving a great summary of information and estimates, Post #18410

So when you get down to it, one future value that has been presented is in the form of the convertible debt of $500,000 into shares of PCFG at a cost of 5 ¢/share. This places a value of the company at $37,286,632.55 which is 2.024 times the current PPS or basically doubling your investment.

One poster in October estimated that the PPS could be around $0.90 per share or a market cap of $671,159,385.90 which is 36.437 times the current PPS.

So then the question that must be asked is, does that $0.90 realistically compare to other gold mining companies?

Barrick's market cap as of today is $45,800,000,000, with a touch under a billion shares outstanding trading at $45.80 per share.

Newmont's market cap as of today is $27,030,000,000 with approximately 494,000,000 shares outstanding trading at $54.75 per share.

So what sounds right? These companies are established companies with a proven track record. Right now, PCFG is just starting. Three years, five years, ten years, who knows.

But, it'll take a strong stomach for those of us that hold over a million shares to hold out for a $2 $3 or higher price per share.