OTCPK:PGMFF - Post by User
Comment by
goldlocatoron Sep 07, 2021 3:24pm
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Post# 33819922
RE:RE:RE:RE:What A Laugh
RE:RE:RE:RE:What A LaughI would hardly believe that the setup of the equipment is a small problem. I would put it as major. A number of the oither things you mention are already addressed. No huge debt or streaming....agreements with area FN groups....Ontario is hardly a geopolitical risk....I have been in Red Lake in January, it is cold most days and it will be in January 2022......been in Pickle as well in January....infrastructure in Red Lake is well known. The biggest risk on that one would likely be the power line. It is what we would have called a single contingency. If the main line would have been damaged in the forest fire this year it would have been a major blow to everything in Red Lake. Personally I picture this project as pretty low risk. I did lose money on RMX and other juniors but I lost a lot more on big name stocks in 2008. I also made money on a lot of juniors.
As I said if someone is uncomfortable they should move on. Why subject yourself to the stress? Myself I am staying. I think the news out today shows management is doing just fine. They poured almost 50% more gold in August than July. The mill mods are complete. That much gold is close to 3.5 million in revenue.....revenue not profit. And this is not an effort to pump or bash. This is my own observation.
One thing I would like to see management release is the water level in the TMF. We are only 12 weeks away from the time when all effluent discharge must cease until mid March. I would like to know if there is sufficient room for 3 1/2 months of effluent storage. The wrong info on that one and I would be selling.