XG has over 3 Moz gold equivalent If you're gonna post here and slight me at least try doing some of your own research
And their deposits are also growing....
How about Kinross with 150 Moz of gold equivalent trading for a $7 billion market capitalization?
What's the value on that gold per oz.. anyone wanna do the math?
Oh right.. 1/2 of their gold is located in un-permitted projects or is subject to write-downs due to not being patient in making acquisitions...
You can state this is a buy-out candidate all you want but the times are a changing I hate to say it... Every gold major has been punished for doing premature acqusitions of over $1 billion dollars.. that is why all these companies are having the speculation sucked out of them... you think a major is gonna walk in and snap up PVG and make the same mistake after being told by the market several times they don't like these deals?
Almost every gold major last year over-paid 200%-300% for their acqusitions if they had just waited for the speculation to come out of the market and avoid buying at record high gold prices.. once again what makes PVG different than RMX and XG?
I rest my case - you're all welcome to try and save the share price here but don't say I didn't tell you so if this follows the same trend as the other 99% of gold stocks that are also great companies