Pacific Gold Corp fka PCFG

[WhiteSahara]

So PCFG processed around 300 C/Y per day of old intermingled ores and produced 30 ounces of gold according to the August 15th PR:

"Production at BRCM since July 13th has totaled approximately 9,600 tons or about 6,500 yards of gravels. The processed gravels comprised the entire remaining stockpile at the BRCM as of June 30th. Included in the stockpile were mostly those gravels which the Company has identified as 'mudflow' as well as a limited amount of gravels that the Company considers normal 'pay' gravels (gravels that the Company has identified as its main resource). From the stockpile gravels the Company produced approximately 30 ounces of gold. The overall gold grade of the stockpile amounted to approximately 0.2 g/yd3. The mudflow which was a large portion of the stockpile had an average gold grade of about 0.1 g/yd3.

Then, from the same PR they stated they were consistent in being able to produce on a day to day basis as they calibrated the plant and trained their personnel:

"So far in 2011 the plant has operated 19 out of 20 possible operating days and averaged about 500 tons or 350 yards per day."

For September, they upped daily production to 1000 C/Y per day processing higher grade ores:

In August and September the Company plans to increase the plant throughput gradually on a weekly basis with daily targets of 750 yards by the end of August then up to 1,000 yards by the end of September.

Then, on Wednesday the 28th of September and after 20 days of BRCM's high grade ore production they gave us the share buyback PR. They had seen Septembers recovery numbers and made a conscious decision to buy back shares. They weren't even at full production and they decided to possibly spend between $150-$250,000.00 of very precious capital for buying back shares. They've issued a personal loan and loans from shareholders and they decide to buy back shares. The company is at one of it's most critical stages financially and it is make or break with gold recovery. The ability to survive long term hinges on gold recovery and they decided to buy back shares. If that isn't a huge, smack you up side the head hint, I don't know what is.

Yet, the nervous are dumping shares like tomorrow is Armegedden. If I were management watching the sell off the past week, I'd give the accountant everything to compile the Quarterly and tell them to wait a couple of days after the 45 day limit to release it. Then I'd buy the shares the nervous nellies are dumping. Poetic justice.