GREY:PCGLF - Post by User
Post by
Blueocean102on Jul 09, 2013 5:43pm
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Post# 21597473
This could be a 50 bagger if they get financing, but it is not looking good at the moment.
This could be a 50 bagger if they get financing, but it is not looking good at the moment. Excerpt from
https://www.goldsilverdata.com/company/361-PC-Gold-Inc.html
PC Gold has a late stage project in Ontario, Canada called Pickle Crow. It is a past producing mine from 1935 to 1966 of 1.5 million oz (avg of 16 gpt). It is a 1.2 million oz (3.9 gpt) resource that is ready to be mined. The capex will be low since it is a past producing mine (around $50 million). Thus, the economics will be very good at higher gold prices. I expect this mine to get built, but perhaps not by PC Gold. There seems to be a problem with this company. They have not updated their website in about 9 months.
The stock is super cheap with a fully diluted market cap of only $4 million, yet they have a 1.25 million oz resource with the potential to reach 2 million oz. Pickle Crow is on 4,000 acres and has exploration potential. They can produce 80,000 to 100,000 oz per year from their existing mill. The cash costs are likely to be high around $850, but they will still have excellent cash flow at higher gold prices. This could be a 50 bagger if they get financing, but it is not looking good at the moment.