Replies to post #24978 on Pacific Gold Corp fka PCFG

[whatisthecolorofmone]

Why didn't PCFG management cash out at $0.07 few days ago?

My guess: they know what they worth!

share your answer pls.

[foxwoodsfan]

Correct, they retired their debt with Yorkville completely, they are out of the picture, they have no more convertable debt either, FREE AND CLEAR OF ANY LONG-TERM DEBT AND THEY OWN EVERYTHING OUTRIGHT, not too shabby.......the finacials should look pretty nice with all of those owned assets and zero notes to pay off, all of their production income will go to covering direct costs and forwarding their other projects......I really like this from the last PR information:

When NRG shut down the plant in October 2007, 370 ounces of gold had been recovered. This represents a grade of 0.2 g/yd3 recovered, however sampling of the plant tailings indicated that gold recovery was often less than 50% due to insufficient washing and screening and muddy process water.

With the modifications and the more efficient mill it sounds like they can be yeilding .4 grams per cubic yard or 23 oz per day if they can process 1,800 cy per day......that's about $30,000 per day, $700,000 per month......over $8,000,000 per year.......not bad for a 6 year old company that has zero long-term debt and owns everything they have outright