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Bullboard - Stock Discussion Forum Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which... see more

TSXV:PHD - Post Discussion

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Post by 1rockit on Jan 15, 2021 4:49pm

Darkangle ;

Hope you didn't bet the farm on this. This is about as risky as they get my friend. Personally i bought 40,000 shares. I figure the odds of hitting a home run are about 50% . The odds of getting my money back are about the same. If the gpt are between 5-10 i figure its a .20 cent stock if the gpt are between 10-15 its a .30 stock anything above that, well leave that to your imagination. Personally im thinking 5-10 .
Comment by Twigler12 on Jan 15, 2021 5:30pm
from the numbers you believe and the estimations i made on stockpile size (nov 21/2020). 5-10g/t could potentially be a gold profit of $27million-$54million. now im not 100% sure what the value of the company could be at that estimation but im sure it would be welll over .20cents... as much as i wish that were the case i myself predicted 1gpt giving you at least 3050 ounces. profiting around 5 ...more  
Comment by dmocnik@gmail.com on Jan 17, 2021 12:33pm
Looking at the grades of the stockpile samples analyzed so far the weighted average grade lies only around 1gr/t .
Comment by dmocnik@gmail.com on Jan 17, 2021 12:49pm
Do not forget, to recover this remaining 1gr/t of gold will cost some money, !
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