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Patriot Gold Ord Shs PGOL


Primary Symbol: C.PGOL

Patriot Gold Corp. is a natural resource exploration and mining company, which acquires, explores, and develops natural resource properties. The Company's primary focus in the natural resource sector is gold. Its property holdings consist of Vernal Property, the Windy Peak Property, a royalty with respect to the Moss Mine Project, and a royalty with respect to the Bruner Gold Project. The Vernal Property is located approximately 140 miles east-southeast of Reno, Nevada, on the west side of the Shoshone Mountains. It holds the property through approximately 12 unpatented mining claims over 248 acres. The Moss Mine Property is located in the Oatman Mining District of Mohave County Arizona. The Windy Peak Property consists of about 114 unpatented mineral claims covering approximately 2,337 acres, three miles north-northeast of Bell Mountain. The Company holds a royalty of 2% of Net Smelter Returns with respect to the Bruner Gold Project that consists of 26 patented mining claims.


CSE:PGOL - Post by User

Post by arh0070on Oct 08, 2022 1:37pm
322 Views
Post# 35014144

Pgol

PgolHaven't looked at pgol for a while .Nothing has changed other than the fact that according to pgol sec filings Trevor had an increase in 6monthly reimbursement by about 30% to 200k in 6 months ending June 30th compared to last year .Not much left over from the royalties and certainly nothing for minority shareholders.
The gravy train continues and will continue to do so until the Moss mine is depleted No mention in the sec report as to why Trevors reimbursement was increased .Can't see where anything has happened in the last 6 months ,certainly no drilling etc .The share price languishes at 4.5 cents and will gradually go to zero.Sad to see ,no reason for anyone to buy the stock unless things change and that seems highly unlikely unless some type of health issue develops .
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