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  4. Pershing Resources Company Inc. (PSGR) Message Board

PSGR...Tuesday, has the count down started? MY OPI

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Post# of 1537
Posted On: 05/12/2015 9:56:08 AM
Posted By: Hill411
PSGR...Tuesday, has the count down started? MY OPINION...A Press Release by Pershing Resources is expected any day. Why? Frankly, after the May Press Release, Pershing Resources had indicated that additional information was forthcoming. Sufficient time has passed for Pershing Resources to update the public. Current share holders have closely followed, via prior Press Releases, the developments of the Marcos minesite. Very good to excellent gold ore assays provided incentive for investors to acquire additional PSGR shares. A prior Press Release indicated that precious metal extraction techniques were being reviewed to determine the most reliable method of extraction. A sufficient period of time has passed for Pershing Resources to have narrowed the extraction techniques to two, possibly three methods. Results should be available and published. Understandably, a final decision may take several more weeks but investors must see that Pershing Resources is pursuing a final goal. The current silence from Pershing Resources can be interpreted as a negative. Investor thoughts may be that either the extraction techniques are less than anticipated or the precious ore body is much less than previously estimated. MY OPINION is that the ore body is large enough to be exceptionally profitable and that the cautious approach to extraction technology has entered the bean counter (accountant) stage. My experience with mining has seen mines suffer the burden of an accountant in control who fears spending a dollar even though thousands of dollars lie in plain sight on the ground. I remain convinced that 1) The gold ore body is large and profitable 2) Precious metal extraction will be viable and continuous 3) Production will occur
PATIENCE. As always, do not invest if you can not afford the loss.


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