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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

Comment by givemeabreak1on Jun 08, 2021 10:59pm
47 Views
Post# 33353195

RE:RE:RE:RE:RE:and lets not forget the really important thing!!!!

RE:RE:RE:RE:RE:and lets not forget the really important thing!!!!Only one handle here too!  Generally, most people who use multiple handles are tied to the promotion side ie hired by the various companies.  I think people tend to forget many junior miners spend more on promotion and general marketing than they do on actual drilling.  Unfortunately many retail investors spend lots of time reading the MD&A when they should be reading the financials.  I will give you an example one recent new listing on the CSE trading at about .20 a share has signed contracts for 500k for promotion and marketing for the year.  When you add that to management fees, travel etc the majority of their budget is reached.  Remember well over 90% of early stage junior miners will never have a product so they survive on financings.  You get those financings through marketing.  I can point out god knows how many juniors been listed for well over 10 years never produced nothing management pulls down 200k a year in fees for producing nada.  How is that possible.  Quite simply by hiring all these marketing firms to promote.  With that comes god knows how many aliases.............Just common sense guys!
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