Comparing apples to apples Precipitate Gold to Unigold
Precipitate Gold has ground way south of UGD 's claim group. However both companies are positioned on the same geological structure in the Dominican Republic. Let us compare PRG to UGD With 52.5 million shares out and a current trading price of .245 , we see a market capitalization of $ 12.8 million for PRG UGD has 29.4 million shares out and a current share price of .32 So their market capitalization is only $ 9.4 million. RG has one " good drill hole " , discovered in 2014 Their drill hole 5 was impressive , but the adjacent 5 holes were essentially duds. And their has been no drilling since. PRG has $ 808,000 cash on hand as of Feb. 2016 UGD has another $ 4.8 million recently raised , which will enable a large drill program UGD had impressive large intercepts of gold in 3 out of 4 holes drilled in a much larger drill program. The fact that their late 2015 drill program missed this mineralization and the fact that their early 2016 drilling hit a massive sulphide lens , plus 2 separate epithermal structures is very good. It tells me that the UNIGOLD geologists are figuring out the complex structures of their deposit Recent Unigold investors include Bob McEwen who elected to take 3.3 million shares. This is a huge vote of confidence for me. If my calculations are correct , institutional investors and management will hold a total of 62 % of outstanding shares , after the recent financing. So the shares will be held by strong hands who are not easily shaken out by erratic market events. PRG is regularly touted by Eric Coffin and Jay Taylor who speak favourably about PRG 's prospects. This is why PRG is on the radar of retail investors. UGD is essentially trading off the radar. Junior gold mining companies are all about the people and all about the rocks. UGD is held by professionals who have discerned that UGD may have the goods. UGD has a 2.8 million oz. resource ( largely inferred ) PRG has no defined resource at the present time. Yet PRG has a market capitalization about 35 % larger than UGD. Go figure ! Goldcorp recently bought out KAM for about $ 80 per oz. of gold in the ground. The market is currently valuing UGD gold in the ground at $ 3.30 per oz. Of course , this is an inferred resource. Interesting !