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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

Comment by givemeabreak1on Jun 22, 2022 10:54am
55 Views
Post# 34773878

RE:Providence Gold Mines DRILLING

RE:Providence Gold Mines DRILLING Golden French Boy.  How do you figure it is grossly undervalued?  Yes insiders own a bunch of stock which is easy to do when most of the money in the company goes to paying fees lol.  The company has a right to explore a 100 plus year old mining site.  Oops sorry they only have an earn in right for a 50% share unless of course they want to drop down another 5 million.  So it is a lottery ticket not even a full ticket only offering you 50% but you have to cover all the costs and take all the risks lol.  Sorry Charlie not grossly undervalued.  A very good chance to exceed a million ounces.  Sorry Charlie like any development stage miner they have a chance but not a very good chance.  About a 90% chance based on statistics of never acheiving a million ounces so I am not sure how that equates to a very good chance.  Too many clowns who know nothing about mining!
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