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Bullboard - Stock Discussion Forum Pacific Ridge Exploration Ltd V.PEX

Alternate Symbol(s):  PEXZF

Pacific Ridge Exploration Ltd. is a Canada-based copper-gold exploration company. The Company's British Columbia projects include Kliyul, Redton, RDP, Onjo and Chuchi. The Company's Yukon Projects include Mariposa, Eureka Dome and Gold Cap. The Company owns 100% of the Kliyul copper-gold project, which is over 90 square kilometers (km2) in size and is located in the prolific Quesnel Terrane... see more

TSXV:PEX - Post Discussion

View:
Post by Godfather on Feb 15, 2022 10:21am

Rocketred

Did you get out in time?

No more holes and financing coming.
Comment by StrikeGold on Feb 15, 2022 11:39am
Same mineralization found in this latest hole as in the others, with grades a bit below the other two.   Price pullback expected.   Doesn't change a thing with their financing and upcoming drilling program this year.
Comment by Pandora on Feb 15, 2022 5:17pm
"......with grades a bit below the other two." Did that warrant the 25% drop in price? Can it be said expectations were for saving the best for last and it turned out to be the worst for last? And now we wait... ! ??
Comment by Marcus319 on Feb 15, 2022 8:45pm
Exactly Pandora. Pullback of 25% shouldn't have been expected.
Comment by StrikeGold on Feb 15, 2022 10:02pm
Obsolutely expectations were very high for the last hole given the outstanding results of the first two.   So the share price likely did get ahead of itself, and now has corrected.    Nothing earth shattering or horrific in this drop however.    Now management will get to planning the next drill program using these results and modifying the locations and drill depths ...more  
Comment by StrikeGold on Feb 15, 2022 10:14pm
“We are extremely pleased with the results from our maiden drill program at Kliyul,” said Blaine Monaghan, President and CEO of Pacific Ridge. “We encountered significant copper-gold mineralization in every drill hole and materially enhanced the mineralized footprint at KMZ with a limited amount of drilling. The results from 2021 lay the foundation for a significantly expanded drill program in ...more