Bullboard - Stock Discussion Forum 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 Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which... see more

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Providence Gold Mines Inc

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Comment by pregosam on Nov 20, 2020 7:11am

RE:Bob has an answer?

Interesting stuff!!!

200.000 ounces at $ 1800,00 would be $360 million, gross. MAMA MIA

Even only 10% would be $36 million

GLTA

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Comment by FireOutraged on Nov 20, 2020 10:51am

And Glencore would just swoop in and buy the whole thing for $10M and make a fortune out of it. Dream on. The amount of gold left might be nice but it's in the rocks and not just laying around for grabs. There once was a video of PHD stating that there are 10M ounces of gold around! Now it's 200K, soon it will be in the thousands. 2g/ounce in the rocks is just not cutting it for any scale ...more

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Comment by catman24 on Nov 20, 2020 11:00am

This post has been removed in accordance with Community Policy

Comment by FireOutraged on Nov 20, 2020 11:59am

That's just plain not true. PHD drilled multiple times in the tunnels and found nothing. All tangiable gold there is long gone. Besides that PHD gave up on the tunnels and now drills outside in the already mined rock for recovery. You need to read the PHD financial statements and not long gone history in old news articles.

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Providence Gold Mines Inc