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Precipitate Gold Corp V.PRG

Alternate Symbol(s):  PREIF

Precipitate Gold Corp. is a Canada-based mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Pueblo Viejo Mining Camp, and Tireo Gold Trend of the Dominican Republic. The Company's exploration projects include Pueblo Grande, Juan de Herrera, and Ponton. The Pueblo Grande projects land position surrounds the Pueblo Viejo mine site on the west, north and east sides, covering about 7,105.71 contiguous hectares. The Juan de Herrera Project coverers about 12,746 hectares and located within the prospective Tireo Gold Trend of western Dominican Republic, directly adjoining GoldQuest Mining Corp on the south and west sides of its Tireo Gold Project. The Ponton Project covers 3,250 hectares and located 25 kilometers east of Pueblo Grande, is an early-stage gold epithermal exploration target hosted in similar Los Ranchos Formation volcanic rocks as found at Barrick’s Pueblo Viejo.


TSXV:PRG - Post by User

Bullboard Posts
Comment by Madheightson Apr 13, 2020 10:15pm
117 Views
Post# 30905834

RE:28 Billion . And.....It ' s gone .....

RE:28 Billion . And.....It ' s gone .....This kind of problem is happening in many countries, including the US.  Today the answer just broke $1700 per ounce easily.  In the DRs backyard is the King of all precious metal mining companies - Newmont Mining.  Their share price is breaking 52 weeks highs.  The message is crystal clear.  PMs are in the begining stage of a new bull market and Newmont is leading the way. The DR gov't can chose to leave their resource in the ground and have it bring a semblance of economic posibility of stability.  My concern for PRG is that the fruits of their labor has short circuited.  They will not nearly get the multiple we are hoping for.  If anything comes from an eventual drilling, I think Newmont will simply take out PRG with a cheap offer.  And the shareholders, in disgust, will take the offer.  I don't know who is going to want to take the PR lead after what just happened in term of execution.  There are many analysts with a bit of egg on their faces.  The company I think that can make an incredible return is what many are considering the least probable...and that is GoldQuest.  They have the cash to plow thru an extensive drilling operation.  Yes, I think they will steal the limelight because the DR gov't is finally going to give them their needed regulatory approval.  GQC managment will show how to execute and, down the road, the DR gov't will be the beneficiary.
Bullboard Posts