PSGR....Aug 20....How close is the Investor to rec
Post# of 1517
Posted On: 08/20/2015 9:22:19 AM
PSGR....Aug 20....How close is the Investor to receiving TEST RESULTS?...MY OPINION....On June 30, 2015 Pershing Resources issued a Press Release that stated (gist) '.... in early May Pershing Resources acquired SONIFICATION and equipment to set up a Test Mill. A 60 to 90 day window will be required to test run small quantities of ore'.
While Mining Operations are, typically, 7-Day per week undertakings, I will view the time factor in two ways: 1) 7-Day/Week Testing 2)5-Day Testing
The June 30 Press Release indicated that the Mill Testing Equipment was in place in early May and largely set up. The wording of the Press Release was ambivalent enough to suggest that the Test Equipment was NOT completely set up and would require an indeterminate period of time to completion. With this in mind AND making the following ASSUMPTIONS......1) Start up of Testing by June 1, 2015; 2) The ARIZONA Test Location had ore samples from the MARCOS Claims sites; 3) Testing was/is continuous and ongoing.......I suggest the following:
1) With a 7-Day/Week Test Schedule, EIGHTY-ONE (81) Days of Testing have been completed
2) With a 5-Day/Week Test Schedule, FIFTY-SEVEN (57) Days of Testing have been completed
With either Test Schedule, there has been sufficient time to have made a determination with respect to the viability of the SONIFICATION recovery method. Either it works and can be presented/demonstrated to qualified/certified independent reviewers OR it does not work.
Either there are NINE Days left in the Testing (7-Day Work Week Schedule) or TWENTY-THREE Days left in the Testing (5-Day Work Week). I do NOT believe that INVESTORS purchased shares of PSGR with a belief or an understanding that Pershing Resources is purely a Research and Development (R&D) company that will continue to 'research' untried/unproven precious metal extraction 'techniques/technologies. The investor has seen the lack of progress made by earlier iterations (previous company names) of Pershing Resources' efforts. Information and Progress Statements are required. PATIENCE
While Mining Operations are, typically, 7-Day per week undertakings, I will view the time factor in two ways: 1) 7-Day/Week Testing 2)5-Day Testing
The June 30 Press Release indicated that the Mill Testing Equipment was in place in early May and largely set up. The wording of the Press Release was ambivalent enough to suggest that the Test Equipment was NOT completely set up and would require an indeterminate period of time to completion. With this in mind AND making the following ASSUMPTIONS......1) Start up of Testing by June 1, 2015; 2) The ARIZONA Test Location had ore samples from the MARCOS Claims sites; 3) Testing was/is continuous and ongoing.......I suggest the following:
1) With a 7-Day/Week Test Schedule, EIGHTY-ONE (81) Days of Testing have been completed
2) With a 5-Day/Week Test Schedule, FIFTY-SEVEN (57) Days of Testing have been completed
With either Test Schedule, there has been sufficient time to have made a determination with respect to the viability of the SONIFICATION recovery method. Either it works and can be presented/demonstrated to qualified/certified independent reviewers OR it does not work.
Either there are NINE Days left in the Testing (7-Day Work Week Schedule) or TWENTY-THREE Days left in the Testing (5-Day Work Week). I do NOT believe that INVESTORS purchased shares of PSGR with a belief or an understanding that Pershing Resources is purely a Research and Development (R&D) company that will continue to 'research' untried/unproven precious metal extraction 'techniques/technologies. The investor has seen the lack of progress made by earlier iterations (previous company names) of Pershing Resources' efforts. Information and Progress Statements are required. PATIENCE
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