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Pershing Gold Corporation PGLC

"Pershing Gold Corp is a gold and precious metals exploration company. It pursues exploration, development and mining opportunities primarily in Nevada. The company focuses on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Relief Canyon properties are located about 100 miles northeast of Reno, Nevada. The company seek properties with known mineralization that are in an advanced stage of exploration and have previously undergone drilling but are under-e


NDAQ:PGLC - Post by User

Post by wallstreetfunon Jun 16, 2017 11:24am
39 Views
Post# 26371081

We provide upside in three different ways. One is the gold p

We provide upside in three different ways. One is the gold p<div> We provide upside in three different ways. One is the gold price. This economic analysis was done at $1,250/oz gold, and gold is currently at $1,279. The project itself has great leverage to the gold price. Every $50 increase in the price of gold adds $20M of NPV to the project itself.</div> <div> &nbsp;</div> <div> A second way we provide upside is that we can expand the project. Pershing controls more than 40 square miles (40 sq mi) of mineral rights adjacent to the Relief Canyon mine. We also know that the deposit is open in three directions. We&#39;ve continued to explore and develop this land, and we&#39;re actively exploring the greenfields exploration ground that comes along with the project. $PGLC / T.PGLC Will Relief Canyon Be the Next Mine in Nevada? https://www.theaureport.com/pub/na/will-relief-canyon-be-the-next-mine-in-nevada</div> <div> &nbsp;</div> <div> #goldstocks #news</div>
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