OTCPK:PGMFF - Post by User
Post by
pulcanon Mar 03, 2023 1:41pm
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Post# 35318019
Final note on the latest KSV report is a buy! PGM
Final note on the latest KSV report is a buy! PGM hi all, The lastest KSV report is a good one as you see they have someone that will buy this mine. The scopying study will now be completed and Sprott is adding another $5million. They also decreased the number of staff on site and they are getting close to a deal. So this is not bad news just more time to get the facts on the mine to the buyer. As for the share price i expect now a move higher in coming weeks and a stable share price with higher gold is .13 cents. So, i will add more shares to my position.
below is section 3, this is why i like the update.....we should see a move higher as more traders or shareholders disect this news from KSV on the scopying study will be positive. They have higher grade and with a new owner and the eright management team its a buy!! cheers and enjoy the rest of the day
3.0 Update on the Company’s Activities 1. Since the date of the Second Report, the Company has, among other things: a) continued to operate the Mine on a care and maintenance basis; b) worked with NBF on all aspects of the SISP, including to facilitate due diligence performed by prospective purchasers by providing in the data room a study upon completion in early February, 2023 (the “Scoping Study”), which includes a financial analysis of the potential viability of mineral resources to be economically extracted based on reasonable assumptions of technical, engineering, legal, operating, economic, social and environmental factors and the evaluation of other relevant factors