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Patriot Gold Ord Shs C.PGOL

Alternate Symbol(s):  PGOL

Patriot Gold Corp. is a natural resource exploration and mining company, which acquires, explores, and develops natural resource properties. The Company's primary focus in the natural resource sector is gold. Its property holdings consist of Vernal Property, the Windy Peak Property, a royalty with respect to the Moss Mine Project, and a royalty with respect to the Bruner Gold Project. The Vernal Property is located approximately 140 miles east-southeast of Reno, Nevada, on the west side of the Shoshone Mountains. It holds the property through approximately 12 unpatented mining claims over 248 acres. The Moss Mine Property is located in the Oatman Mining District of Mohave County Arizona. The Windy Peak Property consists of about 114 unpatented mineral claims covering approximately 2,337 acres, three miles north-northeast of Bell Mountain. The Company holds a royalty of 2% of Net Smelter Returns with respect to the Bruner Gold Project that consists of 26 patented mining claims.


CSE:PGOL - Post by User

Post by arh0070on Aug 18, 2020 6:31pm
145 Views
Post# 31425501

Patriot/northern vertex

Patriot/northern vertexBy my calculations given the increased production at the Northern Vertex mine and the increase in price of gold ,Patriot should have cash flow this year in the region of 2-2.5 million Us at a minimum .meaning it is trading somewhere between 2-3 times cash flow .If Canamex can get someone like Sprott interested in the potential mine which Patriot has a 2% royalty that would be huge .It cant be far away from the mine that Sprott privately owns in Nevada .Just 1% buyback of that royalty is worth 5 million ,almost the value of the entire company .Royalty's sell for something like a p/e of 20 so the royalty that Patriot owns in The Northern Vertex mine is worth 40-50 million or thereabouts .A steal indeed .
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