RE:I should also mention.
"The resource estimate citing 5mil ounces was estimated at $1400 gold. If they re-do it like mega did at a conservative gold price of $1092 the resource will shrink significantly in my opinion. That is why pinetree sold gcu and did not sell any mega as a matter of fact they bought more. Scuba " Not one of your more enlightened comments, first of all, more important is the PEA which used $1,300 gold per ounce and came up with a pre-tax NPV of over $550 million at a 5% discount, for an IRR of 25%. And while you may think the gold price is now lower than $1,300, it is not, as the PEA was done at US$1,300 gold with a Canadian $ exchange rate at the time of .98 which gives a Canadian dollar gold price at the time of C$1,326 whereas the Canadian price has now moved up to closer to C$1,400 and so the gold price is high, energy costs are lower and so for a mine located in Canada, things are looking better than they were previously. So I think when PNP finishes their suicidal dumping of stocks they own, things are going to improve. But do not feel bad, the misinformation in this chat group related to insider sales is even more erroneous, but I do not have nearly enough time to straighten out some of the misguided comments on that, other than to say that PNP (whose shares are held in trust by Sheldon) has almost run out of shares.