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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 Roddiggition Feb 25, 2021 11:06am
133 Views
Post# 32657795

PGOL 15 Year Technical Chart

PGOL 15 Year Technical Charthttps://cdn-ceo-ca.s3.amazonaws.com/1g3fi2j-PGOL%20chart.jpg

PGOl 15 year chart on the OTC, not Canadian side. The range of resistance over that time period is between $0.15 to $0.23 USD. But keeping in mind that PGOL never had any royalty revenue, or anything significant until 2020. That is why it's taken some time to chew through the sellers, despite the solid earnings, and less than 50% of the float available for retail(roughly 36 million shares). The good news is that by getting rid of all these older shareholders, Patriot will have a much stronger floor built at a higher price, thus giving the company blue sky to go up as more profitable quarters come in. The merger with EGLD is complete now and Northern Vertex is cashed up with clean books and positive cash flow to boot. We should see NEE's financials in the next few trading days(last year was Feb.28) and can calculate the payment to PGOL quite easily. Having a stable partner will ensure consistent payments for years to come.
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