People who know more may correct me, but I believe the properties where obtained when gold was at a much lower price making the gold on the properties barely worth going for. The gold is very fine, some of it hard to see with the naked eye, the new Centrifuges are known for recovering this fine gold. Mitch's theory (and I believe he is correct) is that being able to process Huge amounts of gold bearing soils will be the key to running a successful (Green(NO CHEMICAL(no Arsenic leaching)mine.
I think the estimate is 12 to 15 years on this property alone.
H3, PCFG management acquired the majority of our properties in late 2003 and 2004. Gold prices per ounce were at $400.00 and there was virtually no competition to procure gold bearing property.
Yet, several posters here will tell you that what fools we have in our management team. One gets the feeling that this opinion will be changing soon.
go to there web site.not sure but most have a royalty with them. the web site use to give value amounts before the changed it back in november like proven reserves of 2 billion and 4-5 billion more proable.
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