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

PSGR....Has panic set in? MY OPINION....The share

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Post# of 1537
Posted On: 08/04/2015 8:11:40 AM
Posted By: Hill411
PSGR....Has panic set in? MY OPINION....The share price has dropped...dramatically. In the past, 100K traded at well below ASK was followed by a good upward turn. Not so tor the past several days. Why? I think that those who have invested in PSGR and those who are considering an investment in PSGR have lost faith in the company's potential. Frankly, the savvy investor has done enough research into precious metals mining to understand that getting gold out of the ground is not overly complex. The tried and true methods have been productive for quite some time. The introduction of extraction techniques that have little if any history is scary to the investor. Buzz words such as nanotechnology compound the fear...the image of submicron sized particulate (precious metal in this case) being effectively and profitably removed raises many many questions. The first wuestion thst comes to mjnd is "Why go after such microscopically small precious metal, aren' t there any 'regular' sized precious metals that can be effectively removed through leaching, etc? Pershing Resources needs to step up to the table and inform the investor why the 'sonification' technique is being explored. Previous assays released by Pershing Resources indicated a better than average occurence of gold in samples provided to the CERTIFIED lab. The assays should have been fire assays as is standard for accurate testing. The investor is caught in a conundrum...the original sampling and assays were reported as having been handled by an independent authority...the latest Press Release indicates a new extraction technique (sonification) is being explored. The conundrum? Is the investor funding the development of a future productive gold mine or is the investor funding a Research & Development activity that, hopefully, will provide a future return on investment based upon a hinted exponential increase in precious metal removal? I see this conundrum as the reason share price has fallen and remsined low. PATIENCE


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