(Total Views: 829)
Posted On: 08/23/2017 10:33:53 AM
Post# of 1542
$PSGR Share price has been sitting at a nickel for about 2 weeks. After the Press Release (PR) issued by Pershing Resources approximately 2 weeks ago, one would have thought that the share price would climb a penny or two. What gives?
A possible explanation is that investors may be a bit gun-shy. Long term investors have lived through several PRs that glistened with hope but never provided substance or value. I believe this time the PR was not issued to increase share price or volume purchase, rather the PR was to assuage current shareholder doubts. Shareholders know that Pershing Resources DOES own claims in Nevada and Arizona. Shareholders know that there is 'something (ore)' of value on the various claims. What shareholders do NOT know is does the true value of the mines/claims equal or surpass the total value of the shares.
Is the $0.05/share price the true value of Pershing Resources' stock? MY OPINION: No. IF the various claims/mine sites have mineable precious metals ore, the share price is extremely undervalued. Will mining operations, production, and sales take place any time soon? Again, MY OPINION: Not this year but 2018 should be the year that shareholders will know if there is mineable 'Gold in them thar Hills'. Not only will investors know if there are viable and profitable amounts of precious metals at the various claims/mine sites, investors should know the concentrations of the precious metal by weight (e.g. ounces of Gold/ton of ore). Ideally the precious metals will lean heavily towards Gold and NOT Silver BUT any ore value that provides profitability is acceptable. A quick extrapolation of individual precious metals concentration and weight in conjunction with market precious metals prices will provide a general feel for the value of the company. Using a round number of 250 MILLION shares of Pershing Resources as being the TOTAL number of company shares, the share price, 1,000 ounces of Gold at $1,000/ounce provides $1 Million of Company worth (on paper). IF the company can process 1,000 tons of gold bearing ore each working week day with 0.25oz/ton of gold ore, each week there will be OVER $250K worth of Gold produced.
To me, this provides more than a glimmer of hope that Pershing Resources will be worth much more than the current $0.05/share. HOWEVER, I do issue a HUGE caveat: IN MY OPINION, IF Pershing Resources goes for weeks-on-end WITHOUT issuing Press Releases about MINE SITE/CLAIMS activities, something of major concern is wrong. Pershing Resources has previously stated that it has qualified and/or experienced personnel/consultants in place to advance the mining/claims operations. Funding was previously discussed by Pershing Resources with Blackridge agreeing to provide up to ONE MILLION DOLLARS under defined conditions (see Press Releases on Pershing Resources website). Everything SHOULD be in place.
Time will tell.
A possible explanation is that investors may be a bit gun-shy. Long term investors have lived through several PRs that glistened with hope but never provided substance or value. I believe this time the PR was not issued to increase share price or volume purchase, rather the PR was to assuage current shareholder doubts. Shareholders know that Pershing Resources DOES own claims in Nevada and Arizona. Shareholders know that there is 'something (ore)' of value on the various claims. What shareholders do NOT know is does the true value of the mines/claims equal or surpass the total value of the shares.
Is the $0.05/share price the true value of Pershing Resources' stock? MY OPINION: No. IF the various claims/mine sites have mineable precious metals ore, the share price is extremely undervalued. Will mining operations, production, and sales take place any time soon? Again, MY OPINION: Not this year but 2018 should be the year that shareholders will know if there is mineable 'Gold in them thar Hills'. Not only will investors know if there are viable and profitable amounts of precious metals at the various claims/mine sites, investors should know the concentrations of the precious metal by weight (e.g. ounces of Gold/ton of ore). Ideally the precious metals will lean heavily towards Gold and NOT Silver BUT any ore value that provides profitability is acceptable. A quick extrapolation of individual precious metals concentration and weight in conjunction with market precious metals prices will provide a general feel for the value of the company. Using a round number of 250 MILLION shares of Pershing Resources as being the TOTAL number of company shares, the share price, 1,000 ounces of Gold at $1,000/ounce provides $1 Million of Company worth (on paper). IF the company can process 1,000 tons of gold bearing ore each working week day with 0.25oz/ton of gold ore, each week there will be OVER $250K worth of Gold produced.
To me, this provides more than a glimmer of hope that Pershing Resources will be worth much more than the current $0.05/share. HOWEVER, I do issue a HUGE caveat: IN MY OPINION, IF Pershing Resources goes for weeks-on-end WITHOUT issuing Press Releases about MINE SITE/CLAIMS activities, something of major concern is wrong. Pershing Resources has previously stated that it has qualified and/or experienced personnel/consultants in place to advance the mining/claims operations. Funding was previously discussed by Pershing Resources with Blackridge agreeing to provide up to ONE MILLION DOLLARS under defined conditions (see Press Releases on Pershing Resources website). Everything SHOULD be in place.
Time will tell.
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