Pershing Gold Corp fka PGLC

[Steuvin]

They are doing as much drilling as they can so that the resource base is expanded prior to putting out a pea. It is certainly in the company's interest, and in your interest if you are a long with a long-term horizon, to do that. Unless there is a buyout in the works or the company needs cash immediately (which it doesn't), there is no rush on the pea.

The price of gold is less important than the amount of gold for the question of when to do a pea. They can give various scenarios in a pea based on different assumptions about the price of gold; however, they cannot use assumptions about amounts of gold in their property that they have not established through drilling.