Buy recommendation Taylor says buy Pure Gold Mining
Pure Gold Mining Inc (C:PGM)
Shares Issued 125,719,854
Last Close 5/29/2015 $0.19
Monday June 01 2015 - In the News
Jay Taylor, in the May 15, 2015, edition of Gold, Energy & Tech Stocks, says buy Pure Gold Mining Inc., recently 20.5 cents. This is the first time he has recommended the stock. Pure Gold holds the past-producing Madsen gold mine in the Red Lake district of Ontario. It acquired Madsen from Claude Resources in March, 2014. Three months later in June, the company also acquired the Newman-Madsen project from Sabina Gold & Silver. The two combined give Pure Gold a continuous 5,000-hectare land package. Of great importance, Mr. Taylor says, is the infrastructure that came with Madsen, which includes a mine shaft that extends down to 1,275 metres, a tailings storage and a 500-tonne-per-day mill with a carbon in pulp gold recovery circuit. Madsen's current NI 43-101 resource stands at 1.22 million ounces of gold indicated and inferred. The editor notes that the company has two options: 1) it can continue to expand Madsen until the deposit is large enough to attract majors, or 2) it can place the existing mine back on production. Either or, Mr. Taylor believes Pure Gold is exceptionally attractive, and is one of the stocks that will likely "blast out of the gates first" once the gold market finally turns around.