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foxwoodsfan

10/18/10 12:06 PM

#10601 RE: taraniterror #10600

Perfectly stated, 6-7 years to get up and running is nothing, most juniors are still drilling to fimd out if they even have any resources, these guys have the resources, are fully permitted, mill facility fully built and are ready to go.....the timing couldn't be better, if we had been at full production two years ago we would have been producing at half the value for gold which is now at all time highs.....maybe the delays were a blessing in disguise.....it doesn't matter, we are there now and conditions, i.e. debt, market value, timing, etc... couldn't be better ~ IMO
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12thman

10/18/10 12:10 PM

#10602 RE: taraniterror #10600

Another reason to consider PCFG long term IMO is that the US government is driving down the value of your US dollars. PCFG stock price is going to go up simply due to inflation unless the US government changes it's policy, which they have no apparent interest in doing.

http://english.peopledaily.com.cn/90001/90780/91421/7165351.html

The fact that each PCFG share is backed by over $2.00 in PROVEN gold reserves at today's prices can NOT be overlooked in these economic times IMO! How much gold is your US dollar backed by? Ask yourself, in 2-3 years would you rather have 1 share of a gold mining company in full production or 1 hyperinflated United States dollar? When(not if IMO) hyperinflation hits gold will see an increase of 500-1000%. Those not prepared with at least some of their wealth in gold, gold mining stocks, or other hard assets will no longer have any wealth...
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blu

10/18/10 12:28 PM

#10607 RE: taraniterror #10600

how many shs of ocfg do you hold.