Posted On: 07/28/2016 3:27:45 PM
Post# of 1545
$PSGR As a follow-up to the outstanding post by Until2017 that noted NO precious metal recovery dollars were listed in the financial statement, I have sent this Email Message to Corporate Pershing Resources using the message address on their website:
'With respect to the current Financial Statement (2015-2016), there is no mention of any precious metals recovery as a 'for profit asset' line item. Curious that there have been no recoverable precious metals after the June 30, 2015 Pershing Resources Press Release noted that 1 gram of Gold/ton was alleged to be present and that 30 grams of Gold/ton were alleged to be recoverable using sonication in the recovery circuit. What happened to the recovered gold?'
(End of Pershing Email)
The Pilot Plant for PRECIOUS METALS RECOVERY was alleged to have been working for an UNKNOWN period of time. I believe that one can safely presume that there were a few equipment breakdowns, several days of inclement weather, employee sicknesses/absences and other DELAYS in production. ONE CAN NOT SAFELY PRESUME that the Pilot Plant was shut down for the ENTIRE YEAR! Using words from the Pershing Resources Press Release of 30 grams/ton and understand that the gold weight to ore rate is extrapolated from small samples for pilot testing, there were AT LEAST 200 days that could have been used for MINOR ORE RUNS at the Pilot Plant. I believe over this ONE YEAR time period AT LEAST ten (10) tons of ore could have EASILY been processed. Using Pershing's sonication recovery ratio (30 grams/ton), AT LEAST 10 ounces of Gold should have been recovered over the year period (30 grams=1.05822 ounces). WHERE'S THE GOLD????
'With respect to the current Financial Statement (2015-2016), there is no mention of any precious metals recovery as a 'for profit asset' line item. Curious that there have been no recoverable precious metals after the June 30, 2015 Pershing Resources Press Release noted that 1 gram of Gold/ton was alleged to be present and that 30 grams of Gold/ton were alleged to be recoverable using sonication in the recovery circuit. What happened to the recovered gold?'
(End of Pershing Email)
The Pilot Plant for PRECIOUS METALS RECOVERY was alleged to have been working for an UNKNOWN period of time. I believe that one can safely presume that there were a few equipment breakdowns, several days of inclement weather, employee sicknesses/absences and other DELAYS in production. ONE CAN NOT SAFELY PRESUME that the Pilot Plant was shut down for the ENTIRE YEAR! Using words from the Pershing Resources Press Release of 30 grams/ton and understand that the gold weight to ore rate is extrapolated from small samples for pilot testing, there were AT LEAST 200 days that could have been used for MINOR ORE RUNS at the Pilot Plant. I believe over this ONE YEAR time period AT LEAST ten (10) tons of ore could have EASILY been processed. Using Pershing's sonication recovery ratio (30 grams/ton), AT LEAST 10 ounces of Gold should have been recovered over the year period (30 grams=1.05822 ounces). WHERE'S THE GOLD????
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