GREY:PGDIF - Post by User
Post by
mill44on Nov 06, 2015 2:39pm
177 Views
Post# 24267746
People wondering about
People wondering about why the market is undervaluing PGD have to look at history, what happened to other explorers turning into miners. Let's say everyone is right and we get exceptional results. Then what? Time for a mine, aka major financing, unless the management pulls a rabbit out of the hat and gets money from somewhere else, like streaming rights (question is if they want that). If not, there is a good chance that PGD can be had for the same price in a year. Without outside money, the real appreciation will happen close to the start of production. Whoever is not ready to hold the stock and participate in a financing is not going to jump in just yet.