$PSGR (response to Until2017) Good Morning. Yes, t
Post# of 1517
Posted On: 09/29/2016 12:56:13 PM
$PSGR (response to Until2017) Good Morning. Yes, the timing of the Pershing Press Release is interesting. The PR stated that the 'ORE BODY' may be larger and extend beyond the current claim.
THE FOLLOWING IS A CONJECTURE on my part:
The PR made no specific reference to PRECIOUS METALS, only the ORE BODY. IF the mine/claim location is in the location that I had mentioned in a previous post then I can speculate that the ORE BODY may be MOLYBDENUM. This area had had a prior mining operation that produced a series of core samples that indicated a presence of Molybdenum. I do NOT know the final result of the operation, only that the Moly ore price dropped so low that, at the time, the extraction was not profitable. This is a BIG assumption on my part...there may be enough PRECIOUS METALS (Gold?) to pay for the mine development and operation for a defined time period and THEN the operation would switch to the processing of the Moly ore IF there are sufficient amounts.
The above presumption is what I can see occurring at the Arizona minesite. Somewhere along the way, a Mill will be required and NOT a small 20 or 50 ton/day Mill.
IF Pershing issues a follow-up Press Release that states that a 'SMALL' (less than 100 tons/Day) Mill is being constructed then the CURRENT Pershing Press Release is just another in a series of BS Press Releases.
IF Pershing issues another Press Release that states that 'NEW EXTRACTION TECHNOLOGIES' (or words to that effect) are being explored, then the CURRENT Press Release is just another in a series of BS Press Releases.
IF Pershing Resources issues another Press Release that states 'CONTINUING RESEARCH & DEVELOPMENT' efforts are undergoing, then the CURRENT Press Release is just another in a series of BS Press Releases.
IF Pershing issues another Press Release that states "We are exploring additional financial avenues for the development of the mine (or words to that effect)", then the CURRENT Press Release is just another in a series of BS Press Releases.
Everything contained in this post is MY OPINION. My opinion is based upon having owned stock in this company since it was known as XENOLIX TECHNOLOGIES. I suggest that anyone and everyone review the history of this company to draw your own conclusion and opinion.
THE FOLLOWING IS A CONJECTURE on my part:
The PR made no specific reference to PRECIOUS METALS, only the ORE BODY. IF the mine/claim location is in the location that I had mentioned in a previous post then I can speculate that the ORE BODY may be MOLYBDENUM. This area had had a prior mining operation that produced a series of core samples that indicated a presence of Molybdenum. I do NOT know the final result of the operation, only that the Moly ore price dropped so low that, at the time, the extraction was not profitable. This is a BIG assumption on my part...there may be enough PRECIOUS METALS (Gold?) to pay for the mine development and operation for a defined time period and THEN the operation would switch to the processing of the Moly ore IF there are sufficient amounts.
The above presumption is what I can see occurring at the Arizona minesite. Somewhere along the way, a Mill will be required and NOT a small 20 or 50 ton/day Mill.
IF Pershing issues a follow-up Press Release that states that a 'SMALL' (less than 100 tons/Day) Mill is being constructed then the CURRENT Pershing Press Release is just another in a series of BS Press Releases.
IF Pershing issues another Press Release that states that 'NEW EXTRACTION TECHNOLOGIES' (or words to that effect) are being explored, then the CURRENT Press Release is just another in a series of BS Press Releases.
IF Pershing Resources issues another Press Release that states 'CONTINUING RESEARCH & DEVELOPMENT' efforts are undergoing, then the CURRENT Press Release is just another in a series of BS Press Releases.
IF Pershing issues another Press Release that states "We are exploring additional financial avenues for the development of the mine (or words to that effect)", then the CURRENT Press Release is just another in a series of BS Press Releases.
Everything contained in this post is MY OPINION. My opinion is based upon having owned stock in this company since it was known as XENOLIX TECHNOLOGIES. I suggest that anyone and everyone review the history of this company to draw your own conclusion and opinion.
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