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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 Nov 26, 2021 12:44pm
53 Views
Post# 34169622

RE:RE:Accuracy of a bulk sample - is actually the point

RE:RE:Accuracy of a bulk sample - is actually the pointWith all due respect avocado, there is a very good reason the waste pile has been esssentially abandoned.  You have to ask yourself is it because

a) the pile is economically viable in terms of grade but management is too stupid or inept to get on it, or 

b) your numbers and Gamble's are way off the mark and the grade and recoveries actually do suck so bad it is just not economically viable.

If its a) then this is a really bad investment because management IS the company; if its b) then you could always still hope they get lucky (despie their history) and accidentally stumble onto some new find.


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