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

Bullboard Posts

Post by ArbLover84on Jul 12, 2015 7:22pm

67 Views

Post# 23916425

Buy PGOL - for a 200% return!!!!

okay a lot of you are thinking - how is this possible:

well there is an arb opportunity here:
NEE has a 70% option on the Moss Mine from PGOL

market cap of NEE: C$ 16 MM
so value of Moss Mine = C$ 23 MM

So based on this PGOL owning 30% of Moss Mine should have a market cap of C$ 7 MM

Currently PGOL has a market cap of US$ 1.85 = C$ 2.3 MM
So the upside is : 200%

Bullboard Posts

The Market Online’s Weekly Gold Report – Nov. 6, 2024