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Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which includes Bonita, Consuelo, FairPlay, Good Enough, McCarthy, Mexican, and Providence. The Providence Group of Mines is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Providence Gold Mines Inc > Why?
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Comment by Avocadopiton Apr 17, 2021 7:17am
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Post# 33016611

RE:RE:RE:RE:RE:Why?

RE:RE:RE:RE:RE:Why?Let's suppose the cost to process the ore, includiing lease of equipment, comes to $500,000 and all they get out of it is 2000 ounces. Gold stays at $1750. That's $3,000,000 net, before the 10% to the trust, and taxes, if any. Let's fudge the numbers a bit and declare they only net $2.5 million after all costs. ($300K to the owners)

Is that $2.5 million more than they have now? 
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