Providence Gold Mines Inc V.PHD

Why I request DM for any intelligent questions.

[2021Gamble]

just look at the responses to ANY post that is made to generate intelligent discussion by investors.  Nuff said as they say.

cheers!

[Cr00ks604]

Well you must be in the office of PHD if you have such credible, reliable info? The only intelligent answer right now, when will PHD have money to do any kind of meaningful exploration other than sifting through previous miners waste? Yap yap about 6 mines, out of the gate, now they're resorting to sifting through waste like bear @ the garbage dump.

[givemeabreak1]

It is looking like they may have to do a financing in the 5 to 6 cent range with warrant!  For the price to go higher they need to release information like the expected gold grade, number of ounces thought to be across all stockpiles etc.   So I was reading another stockpile story very similar again to PHD.  They have a property that contains an old mill and a relatively

[KozmoT]

And PHD has a whopping 25K cubic yards of 1.47 g/t with an unfortunate 61% recovery. That comes to a sum total of ... 680-ish oz Au.  I kid you not ... do the math yourselves.  Maybe, if they were really lucky, they could manage to dig, transport, process that to make just enough money to ... break even. If they were lucky.  Their track record is not good.

[givemeabreak1]

Is it just me or why every other junior that is looking at running ancient stock piles post their estimated grades but this one?  Or did they post it and I missed it!  They say grades are as anticipated but I have not seen where they have said what their anticipated grades are?  Did I miss something?  Seems to me they have gone beyond puffing?

[Avocadopit]

Published several times on their website, here is one of them: https://www.providencegold.com/news/gold-in-stockpile-update/ Add them all up and you get 2+ grams per ton. Doesn't seem like much, but all they have to do is shovel the pre-processed ore into a hopper to crush and further process to get the gold out. Even at 70% yield you get 1.4 g/t, assume 50% costs (high) and they end up

[Avocadopit]

Forgot to convert grams into ounces, so my number is off. 800 ounces, much like previous posters have stated. Yet i suspect there is a lot more in the entire pile than that, I think they seriously underestimated the size of the stockpile. Their own numbers from previous reports confirm that. 

[givemeabreak1]

Avo I ran all the numbers and posted them long ago.  That said, you are missing the point of the post!  Point being it is managements job to post what their estimated grade and recovery is not the shareholders otherwise you get all kinds of wild numbers and bad math.   How can you post the grade is as anticipated if you have never posted the grade.   Think about it!&