Q1 report Pilot Gold has been sold back down to the December lows after the Q1 report, however the volume has been pretty modest. Serious holders are sticking with the company. They expect to spend about $6 million on exploration at Kinsley Mountain and in Turkey and can afford to do so and cover their other costs. With a Preliminary Economic Evaluation of the first project in Turkey due around year-end and more results coming in on Kinsley Mountain and the other Turkish project they are moving along well despite the very bad environment for precious metals explorers.
Look for more news in the later stages of 2012 to spur new interest in the company.