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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

Comment by Dragoonon Apr 28, 2021 5:55am
81 Views
Post# 33080641

RE:Bank deposit

RE:Bank deposit What is important is that the value of the company goes up with the fundamentals. Patriot Gold corp gets a cash flow from the Moss mine and reinvests into other projects to assertain if there is enough potential there. 
I really don't care about dividends in itself as a seperate factor but it must be strategic in overall. 
As long as the cash doesn't sit collecting dust and is reinvested strategically it is okay. Otherwise a share buyback or dividend becomes needed for shareholders value. But right now they explore the other projects which have a potential for a great return if there is enough gold in the grounds - even by simply selling the assets. But first they have to explore the Vernal, Windy Peak, Rainbow projects to see what they really have.
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