With neighbours drilling and Rob Mcewen buyingup all of Timmins and Argentina now this play finally is getting attention. For whatever reason poeple were piling into this today. Could it be that APG has just hit again, or could it be that WTM has hit more gold? Rob Mcewen is also very very close to Van Tassell who sits on the PGC.v board of directors so it could also be that. Remember Mcewen and Van Tassell built Goldcorp from the ground up so they know how to do things right in this business.
Todays volume to me signals that we now clearly have a shift in momentum. Someone wanted in or a new group wanted in really bad and they were willing to buy at whatever price it took. I think this may now be the start of something very special. Hopefully now PGC can release some news either out of Quebec, Timmins, or Argentina. I know they were about to start a drilling program on the Val d'or property very soon. They already have the 43-101 complete so it is in there best interest to try and increase these reserves and that should get the attention of a few majors as well. Majors are always looking to increase reserves at dirt cheap levels. With a market cap. of only $4.5 million they could buy the whole company and steal the assets. Lets hope that does not happen and we see this go to .50 cents of even $1.00 in the coming months to a year.
CHEERS