RE:PGOLarh0070 wrote: Yet another high today .Not sure of the cause other than its the cheapest royalty stock in the Universe.I wonder if something is happening under the radar with the Bruner mine royalty and Canamex .Trevor controles the company pretty much single handedly through his ownership of 20 million plus shares and some super voting shares ; he is not real communicative to emails .All the info about all of this can be found on the sec fillings which any investor should read very carefully.
I have taken some profits on the way up but retain a free carried interest .Obviously not for widows and orphans .
You're pretty spot on about the cheapest royalty company. Market has not caught onto the fact that PGOL is going to have decades of positive earnings thanks to the moss mine. I mean as a PGOL shareholder, you can literally calculate what they will get before the quarter ends, just by taking 3% of whatever NEE.V produces. Also, PGOL mentions exactly what they intend to spend on G&A for a year, so you can know months in advance what the net income will be.
That being said, there should be several million USD paid yearly, so that means proving up other projects, selling them for royalties and basically creating another ELY or EMX in the next 2-3 years. So ROI could be 1000%+ for those willing to wait 24+ months.
As for Bruner, a friend of mine got a hold of Michael Stark from CSQ and they are suppose to have an update in the "near future". So we shall see, but that's a good proven gold/silver asset in Nevada, so there's lots of value.