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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 Sep 02, 2020 1:26pm
125 Views
Post# 31495050

royalty

royaltySeems to me that PGOL is ridiculously cheap and an obvious takeover candidate .Norther vertex paid them almost 800K in the last quarter in royalties according to their March Quarterly report as far as I can tell .Thats 3.2 million minimum for the year with constant production(its increasing)from the Northern Vertex mine and constant gold price (its increasing ).Seems to me that the obvious candidate to takeover Patriot would be ---Northern Vertex.Despite all of this someone is trying to keep the share price below 8 cents .Very curious indeed.
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