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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 KozmoTon Sep 25, 2021 1:30pm
114 Views
Post# 33919370

RE:How Long?

RE:How Long?They got it in 2017 for $25,000 and 1.5 M shares. Since then they have not added a single ounce of economical Au defined resource to it so presumably it is worth as much now as it was in 2017, if not less because they've struck out on a number of fronts.  And since this play is pretty much all they have I would suggest that maybe a 6 cent valuation on the number of shares they have out is laughably OVERvalued.  Why isn't this sitting at the 1 or 2 cent mark is a good question.
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