RE: RE: RE: RE: Drill results Kinsley I called Matt Lennox- King from PLG, left message. PLG's website still has old drilling results and mentions the 51% with 65% buyin. Something is really suspicious, you have a company that is off radar, the price drops from 11 to 6 on weird volume in the expectation of the completiion of the 65% and selling is happening. This could be due to the 65% in February and no action. but that would still be odd because nothing was released.
Based on the 35% to NEV, they are responsible for their share, maybe dulution is the reason because they will have to cough up the money. also, I noticed that the results in the latest news release on Kinsley were the old results, so there was no late drilling. But on the plus side, they call this the Kinsley Mountain PROJECT which has expanded due to more claim blocks and Nev is a 35% participant, not just the original property, but now the whole project.
The guys from PLG are no dummies, they are elephant hunters looking for 3mm oz's an up. The 2013 Kinsley work program includes 22,000 metres of core and RC drilling stepping out from the historic pits, and to test priority exploration targets on flanking and outlying targets. Nevada Sunrise Gold Corporation holds a 35% interest in Kinsley and will be responsible for its pro-rata share of costs for this year’s program. That is a lot of drilling. I believe they know what is there and want to prove it up. Soom PLG will sell Turkey and then concentrate their efforts in NEV with the expectation to mine the property. If this happens, in the future NEV could pocket 50mm/year based on 300k annual production. for Hoping for a takeover, but not at this price.PG took over Cove for $24mm we are worth at least that.