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Pershing Gold Corporation PGLC

"Pershing Gold Corp is a gold and precious metals exploration company. It pursues exploration, development and mining opportunities primarily in Nevada. The company focuses on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Relief Canyon properties are located about 100 miles northeast of Reno, Nevada. The company seek properties with known mineralization that are in an advanced stage of exploration and have previously undergone drilling but are under-e


NDAQ:PGLC - Post by User

Comment by Baymanon May 07, 2018 10:39am
124 Views
Post# 27991125

RE:RE:RE:RE:RE:Down the Tubes !!

RE:RE:RE:RE:RE:Down the Tubes !!More drilling news the morning, with exceptional high grades. LOL

How is it possible to mine gold at 0.5 Grams per ton?

Look at T.SBB showing 5+million Ounces grading 10-30 times that, and that still isn't a mine, yet will be soon.

Cubalibra wrote: That should have have been the low, at least for a trading bounce. Financing in a few weeks is my guess, and may be a little dilutive. How dilutive will determine the SP from there.

But you are correct, the 10 yr chart looks horrendous. Hopefully we have seen the end of the ski jump, and are getting back on the chairs for the climb back up.

peasoupfog wrote: Didn’t work...here is a link to a 10 yr chart. From $28 to $2 a share in 10 yrs. 

I think that qualifies. That said, it is likely time for this to rebound. Either that or we are headed to zero.

A break below $2 and closing there, would not bode well IMHO.

https://www.stockhouse.com/companies/quote?symbol=pglc




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