Monday kick-off day for PSGR. PSGR had a very good previous week and should continue its incremental rise in stock price. MY OPINION: Judging by previous weeks' performance, this week should offer some good long term holding profit to those who buy at the current bargain price. The recent Pershing Resource press release that alludes to employment opportunities indicates an extremely strong commitment by the company to successfully mine and produce precious metals. The current low cost per ounce of Gold makes this stock extremely attractive as Gold prices will rise, perhaps dramatically, as a Bull Market for Gold will return. My opinion is that this stock is incredibly undervalued. Why? 1) Company commitment to develop the minesite and produce precious metals 2) Prior precious metal assays that indicate a very rich and defined ore body 3) Current low gold prices with expected substantial per ounce increase in Gold price 4) An established and knowledgeable Corporate Board & Management. Please understand these statements are my opinion based upon more than 14 years waiting for Pershing Resources to get its act together. I feel that this time Precious Metal will be produced NOT the prior years of hope and BS.
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