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Posted On: 06/16/2017 11:24:01 AM
Post# of 823
We provide upside in three different ways. One is the gold price. This economic analysis was done at $1,250/oz gold, and gold is currently at $1,279. The project itself has great leverage to the gold price. Every $50 increase in the price of gold adds $20M of NPV to the project itself.
A second way we provide upside is that we can expand the project. Pershing controls more than 40 square miles (40 sq mi) of mineral rights adjacent to the Relief Canyon mine. We also know that the deposit is open in three directions. We've continued to explore and develop this land, and we're actively exploring the greenfields exploration ground that comes along with the project. $PGLC / T.PGLC Will Relief Canyon Be the Next Mine in Nevada? http://www.theaureport.com/pub/na/will-relief...-in-nevada
#goldstocks #news
A second way we provide upside is that we can expand the project. Pershing controls more than 40 square miles (40 sq mi) of mineral rights adjacent to the Relief Canyon mine. We also know that the deposit is open in three directions. We've continued to explore and develop this land, and we're actively exploring the greenfields exploration ground that comes along with the project. $PGLC / T.PGLC Will Relief Canyon Be the Next Mine in Nevada? http://www.theaureport.com/pub/na/will-relief...-in-nevada
#goldstocks #news
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