RE: This is a GREAT move byWe sold our silver for .30/oz in the ground. Of course, it's not proven reserves in the ground and needs more drilling to prove it up. There's the rub. So Rich had to choose between funding drilling for two? more years at millions per year or take PZG stock to wait for an improvement down the road.
I am very disappointed in what we got for San Miguel. Timing is everthing and silver prices stink right now and the junior mining sector is in a BIG BEAR market. At this point we have to pray for PZG to continue to prove up San Miguel and get a good price when it sells. Wonder why they didn't indicate the restriction on the shares? Do we have to hold until San Miguel sells? 4 months? 6 months? 1 year?
Bobwins