Patriot Gold Ord Shs C.PGOL

Alternate Symbol(s): PGOL

Metals & Mining Gold

Patriot Gold Corp. is a natural resource exploration and mining company, which acquires, explores, and develops natural resource properties. The Company's primary focus in the natural resource sector is gold. Its property holdings consist of Vernal Property, the Windy Peak Property, a royalty with respect to the Moss Mine Project, and a royalty with respect to the Bruner Gold Project. The Vernal Property is located approximately 140 miles east-southeast of Reno, Nevada, on the west side of the Shoshone Mountains. It holds the property through approximately 12 unpatented mining claims over 248 acres. The Moss Mine Property is located in the Oatman Mining District of Mohave County Arizona. The Windy Peak Property consists of about 114 unpatented mineral claims covering approximately 2,337 acres, three miles north-northeast of Bell Mountain. The Company holds a royalty of 2% of Net Smelter Returns with respect to the Bruner Gold Project that consists of 26 patented mining claims.

CSE:PGOL - Post by User

Patriot Gold Ord Shs

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Post by ArbLover84on Jul 09, 2015 1:12pm

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Post# 23907850

Upside to PGOL ~ 209%

Here is the math based on today's market:

Northern Vertex has an option to earn in 70% interest in Moss Mine
Patriot Gold would then have 30% interest in the Moss Mine

So based on today's market cap of NEE of $14.6 MM ..... The value of Moss Mine is $20.86 MM
Based on 30% interest in Moss Mine PGOL should have a market cap of $6.26 MM

The current market cap of PGOL is $2.02 MM so the upside is 209% from here.

ENJOY the ride who ever is long PGOL!!!!!!!!!!!!!!!!!!

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