RE:$1,692,000 buy order at $0.46!!!!!it's no wonder. Look at just two pages (7 and 8) of the newest presentation
https://www.prophecydev.com/PCY_SEP17FINAL.pdf page 7
"Pulacayo Strike 3km, Depth 1,000m+
Apogee Drilling (69,000m) 1km strike x 300m depth
2019 and 2020 drilling 3km strike x 600m depth (500% coverage)
Tajo Vein System future drilling 600m–1,000m depth"
page 8
Pulacayo: Successor to San Cristobal, World’s 3 rd Largest Silver Mine?
Apex Silver owned San Cristobal (3rd Largest Ag Mine) & Pulacayo in 2000
San Cristobal Feasibility Study 2002: 229mt, 63 g/t Ag, 1.6% Zn, 0.6% Pb Reserves over 450 million oz Ag, 8 billion pounds Zn, 3 billion pounds Pb
2002 Apex JV San Cristobal with Sumitomo, JV Pulacayo with Apogee Silver
2006-9 Apex sold 100% San Cristobal to Sumitomo, sold 100% Pulacayo to Apogee
2010 San Cristobal Production 20Moz Ag 500Mlb Zn 180MLb Pb @40k tpd
2015 Apogee sold 100% Pulacayo to Prophecy
2018 San Cristobal generated US$156M (Yen 16.9B) profit in 2018
2023 San Cristobal Mine Life Depletes (Pulacayo is 100km from San Cristobal) this could lead to the following logical conclusion ( at least PCY is trying to):
today's M&I resources are 30m oz ( @400g/t cut-off) plus 20m oz inferred( @200g/t cut-off).
Plus - 20.7mt historic resources* (70million oz Ag@100g/t, & 1.5% Zn, 0.8% Pb) through Apogee's drilling ( 69,000m)
With planned drilling program ( 2019 and 2020) M&I res. can be up to 450-500m oz ...what is similar to San Cristobal ( Sumitomo) mine ....that depletes 2023.
I don't know if Pulacayo is cost-efficient in the end ( Eric Sprott should know it better) but PCY provides a lot of phantasy for the next year ( till next Trump's election).
In short term Comibol contract, start drilling and IPO ( Silver Elephant) are ideal catalysts for the next 100-200% gain.