Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by 2021Gambleon Jun 09, 2021 6:59pm
83 Views
Post# 33359886

So, just how big is the stockpile??

So, just how big is the stockpile??Ok, so this is a legitimate question for discussion - not an attempt to pump or promote...

In February, the company press release said >25000 cubic feet , while also saying "conservative" estimate for the size of the first stockpile ... we've discussed that at some length already

The most recent MD&A from Sedar (May 26, 2021) - page 4 says 8200 sq m with a depth of 15-25 m (=123000-205000) - based on on the upper and lower limits (ie. 8200 x 15 - 8200 x 25)

To delineate the area covered by the stockpiles, the Company commissioned and completed an airborne lidar survey along with a high-resolution (0.5metre) surface image. The previously calculated area of the stockpile was 2,683 square metres .As a result of the newly conducted work, the area is now measured to be 8,200 square metres with a depth on the south east side of approximately 15metres and an approximate depth of 25m on the southwest side. To accurately project the volume of the stockpile material, ground-penetrating radar is being planned

so...my question is....the MD&A is more recent, so it would "seem logical" to conclude that it would be the most accurate reference.  What are the chances the press release was suppose to read 125,000 and it was a typo? and never caught, or never corrected?

So the MD&A is "official" right?  If it says 8200 sq. m, that is "truth" isn't it? regardless of a previous press release with a lower number?


so really...Q....the MD&A can be trusted can't it?
<< Previous
Bullboard Posts
Next >>