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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

Providence Gold Mines Inc > Ouch! Its like GFrenchie's post said (a quote from the Pres)
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Post by KozmoT on Jun 22, 2022 11:15am

Ouch! Its like GFrenchie's post said (a quote from the Pres)

"PHD need about $1.3 million to do this 4,000-meter drill program and ensure its success. There's no point in trying to do a small drill program. "  ... in other words - their f*cked. Thanks for the repost Goldenfrenchie
Comment by givemeabreak1 on Jun 22, 2022 12:26pm
First 4000 metres is not a big drill program.  That said, it is bigger than a 1500m drill program.  Second, a bigger drill program does not " insure its success".  It mererly improves their chance for success just like buying 2 lottery tickes gives you a greater chance at success but the chance for success is not great but better.  Can't win if you do not play.
Comment by KozmoD on Jun 22, 2022 1:33pm
This post has been removed in accordance with Community Policy
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