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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 Jan 05, 2021 10:36am
142 Views
Post# 32223283

pgol

pgolAnother day another record high .Quarterly results are not due for a while .So the only thing I can think is either drilling results or the Bruner royalty. Canamex is not trading and it would appear to have no source of revenue,before the information was removed it had debts outstanding which required interest payments  .The "gold backed cryptos"were backed by Bruner future gold production which is years away .Trevor centroles the company and plays his cards close to his chest so cant imagine this rise in share price is related to either declaring a dividend or buying back shares (though that would be a nice use for the cash flow).So we watch and wait and see what happens and enjoy the profits .
The only other thing would be someone (ie NEE or possibly ELY) buying the Moss mine royalty .This royalty as I have said before would sell for a p/e of 15/20 valuing it around 30-50million which would put a value of a minimum of 30 cents on a pgol share .
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