Shorters and weak hands are foolish selling now on a RED down day in the market. Fear factor at play today. Gold will bounce back up to the $1800 U.S./ounce level this year. Is the high debt situation resolved in the U.S. and Europe yet? HECK NO!!!
Still very low volume trading so far in PKL today, but the smart investors are buying and holding tight for the news coming out next week. Probably on Monday? News of the assays of visible gold from the same No. 22 vein that had stellar results before too!
Management will have something good to talk about while at PDAC from March 4 to 7, such as:
More great assays coming from the 1600m drill program targeting the stellar No.22 vein area!!!
Infrastructure in place. Airport, roads, electricity, camp, mill, mine and labour.
Previous well known historical past producing mine in Pickle Lake, Ontario.
Safe, and environmentally friendly permitted area to produce in the future.
Mine friendly district with skilled labour in the area.
Historical producing Red Lake Mine, owned by GOLDCORP, is to the west of the area along the same favourable, geological route as the Pickle Lake mine.
Many institutional investors such as Sprott, Sentry Select, Front Street, Marquest, CIBC, RBC, BMO.
A 1.26 million ounce NI 43-101 compliant gold resource inferred category (10,150,000 tonnes averaging 3.9 g/t gold). The higher grade underground component of this initial resource is 1.1 million ounces averaging 5.4 g/t gold, including a high grade vein component of 600,000 ounces averaging 9.3 g/t gold.
What's not to like about this story? This is a no brainer .It's a good day to BUY.
Read over the 2012 Investor Presentation. It's all in black and white. With colour photos too.
https://www.pcgold.ca/downloads/PC-Gold-Investor-Presentation_Feb2012.pdf
Do your due diligence and invest your money wisely.