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

$PSGR Back to beating a dead horse. On June 30, 20

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Post# of 1537
Posted On: 12/15/2016 3:58:04 PM
Posted By: Hill411
$PSGR Back to beating a dead horse. On June 30, 2015, a Pershing Resources Press Release noted that 'mill testing will take 60-90 days and will involve processing runs of 25 to 100 POUNDS (of ore) at a time'....additionally the PR noted that the company would provide updated results AS WARRANTED'. OVER one year later, in July of 2016 another Pershing Resources PR announced the hiring of a Consultant Firm (Geologic) that would 'survey' the site (New Enterprise Mine near Kingman, AZ). For a period of greater than one year, shareholders awaited FACTUAL and CERTIFIED ASSAY results AND the status of the alleged mill....NOTHING! In July a geologic consulting firm was hired to provide 'management' expertise for the minesite via active surveys and (assumed) core drilling to confirm precious metals. What shareholders and potential investors currently know about progress at the site over the past 18 months: NOTHING. Back to beating a dead horse: The same cycle of Press Releases followed by NOTHING has been evident from this company and its former iterations for over two decades. Investors are led to believe (mill development, site development, equipment purchases, 'qualified' personnel hired, ALLEGED positive assays for precious metals that result in nothing being mined/processed/sold) that the mine is close to production....then, once again, NOTHING occurs. How long can a horse be beaten before authorities begin to question and investigate the jockies? I strongly suspect that IF NOTHING OF SUBSTANCE OCCURS by June of 2017, some investigative reporting WILL take place in Arizona.


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