Pacific Gold Corp fka PCFG

[BBalls-N-CowTown]

Well, the projections of the Lessor of the North Pipeline acreage that is in the PCFG area, Bullion Monarch (BULM) indicated in their recent SEC filings indicate that the beleive they will get $240,000 out of PCFG operations at Black Rock Canyon mine in 2012. I bet there is more to that than just a wild guess, as they should be getting payments from PCFG by now on gold revenue dating back to July.

BULM's cut is 4% net smelter royalty, so that would put the gold revenue for PCFG at $6 Million for 2012. I don't see that BULM has a history or reason to pump this number either, as they are already getting bought out by Eurasian Minerals so where's the motive to pump the numbers, if that is the case?

So, what do you think the PE ratio should be if we see that kind of E?

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