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Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Property includes over six parcels and approximately thirteen 20-acres of mining claims. It consists of over nine claims contiguous to the existing claims for a total of over seven patented and approximately 22 located mining claims, encompassing an area of approximately 324 acres. It owns 50% interest in the Providence Mines Property, which is situated in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Post by Linemineron Jan 22, 2021 1:01pm
72 Views
Post# 32360307

Reality check - First of all

Reality check - First of allGold value is not today's market rate for gold - there are costs to producing a dore' bar - so let's say that digging/moving and milling costs $500/oz or so --- and market is $1800 the net profit is $1200/$1300. So let's get the math right first! and have realistic expectations of value - I like to use a a net profit figure of 2/3 of market value/oz
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