Maybe It's Time For Some Different ThinkingPershing has been sitting a long time on this asset. I think it was over on the RyePatch board where it was suggested that Pershing and Rye Patch combine. I'm not sure if Waterton's Spring Valley and Moonlight properties were thrown in too. You could also add in Hughes Canyon, owned by the soon-to-emerge Allegiant Gold (being spun off by Columbus by the end of November).
Pershing's assets are limited in a business that values larger assets more favorably. A combination of any of these companies as one entity or being swallowed up by Coeur as part of a larger deal probably makes sense, the longer Pershing goes without moving ahead on its own.