PVGJust looking over the news release from June 15th, North Block Zone Phase 2. I had read the highlights before but had not looked at the list of drill holes and their results. Here are some of the highlights.
Hole VU-2859, 51 meters of 31.6 grams per tonne
Hole VU 2860 22.5 meters of 22 grams per tonne
Hole VU-2863 1 meter of 469 grams per tonne
Hole VU-2865 22.5 meters of 60.2 grams per tonne
Hole VU-2866 16.5 meters of 21.1 grams per tonne
Hole VU-2926 7.5 meters of 35.8 grams per tonne
Hole VU- 2928 1 meter of 276 gram per tonne
Hole VU-2932 19.5 meters of 306.6 grams per tonne
Hole VU-2933 15 meters of 561.6 grams per tonne
Hole VU-2935 18 meters of 15 grams per tonne
Hole VU-2961 42.5 meters of 24.5 grams per tonne
Hole VU-2962 14 meters of 191.6 grams per tonne
Hole VU-2965 3 meters of 750 grams per tonne
Hole VU-2967 17.5 meters of 61.7 grams per tonne
The market currently values PVG shares at $11.91 Looking at the chart in 2012 when PVG was a hole in the ground with no mine and no income and needed $600 million US to build the mine and another nine long years to get to the point it sits at today the shareprice was at $18.
And here we sit nine years later at under $12 and dropping everyday. Either i am missing something or the market is. After a long struggle this company is finally in a great financial position with as much cash as debt and is currently starting to pile up huge piles of cash everywhere and to top it off is hitting monster gold in hole after hole on one small portion their huge land package that they now have a lot of free cashflow to put into a major exploration program.
This company is going places and at $11.91 i will be loading up some more tommorow.