RE:RE:Providence Gold – Realistic Perspective Yes – Providence currently does not have an active lease, and yes – it’s fair to say they’re not fully funded. But to write it off as “just a PO box” completely ignores the bigger picture.
Providence still retains exclusive access to a portfolio of patented, historically high-grade gold mines in the heart of California’s legendary Mother Lode belt — a region with over 128 million ounces of historic production.
Just last year, they reported:
• Surface samples of 17.5 g/t gold
• Historic assays up to 97 g/t gold
• A 4,000-meter drill program outlined
• Gravity-recoverable stockpiles that could generate near-term cash flow
• Modern 3D LIDAR mapping confirming multiple targets
• A potential gold endowment estimated between 1 to 4 million ounces
This is not a shell — it’s a sleeping giant, currently quiet, yes — but far from dead. And if a new lease is secured (which the company has publicly stated they are pursuing), they wouldn’t be starting from zero. They’d be restarting with data, targets, and groundwork already in place.
I was skeptical too, until I sat down and took the time to dive into the history, the geology, and the potential. There’s real value here — and in a $3,400 gold market, even “sleeping” juniors can wake up fast.
Just one investor’s view — but I think many would be surprised what Providence is actually sitting on.