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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (29226)	1/17/2013 11:18:14 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 29622

PGLC - Like the management as well, but they are going to be using contract mining for their mines for the foreseeable future. They also still need to raise another 10-15 mil this year, probably more. Looking at 65-70% recoveries, NSR on most of the properties and land package still needs work. There are positives, but I think ST it's ahead of itself. LT will probably be a winner. Looks more like a technical breakout given all the attention it's been given of late. Suspect there will be more ops to buy in the mid .40's.

To: IngotWeTrust who wrote (29226)	1/17/2013 11:32:51 AM
From: loantech	Respond to of 29622

Will check it out after work today. Thanks.

To: IngotWeTrust who wrote (29226)	1/17/2013 12:06:14 PM
From: Nevada9999	Read Replies (1) \| Respond to of 29622

I suspect PGLC is being set up by CDE to take out the Pershing County assets of RPM.v. That includes over 4 Moz Au in several resources including a major chunk of CDE's Rochester resource base where CDE forgot to file their claims. CDE can take a tax loss on Rochester, get out of the legacy environmental issues of a rather old mine and probably come up with a majority interest in PGLC by financing the deal. Now I need to find out how or if Continental fits in. This company only came to my attention a week ago.