$PSGR As an R&D company, what has Pershing Resourc
Post# of 1517
Over the many years of its existence, Pershing Resources has alluded to several methods of precious metals extraction that were reported to remove a profitable amount of GOLD from locations that had been previously reported (assays) by others as having little to no GOLD present. Investors were provided with information that alleged that the 'NEW TECHNOLOGY' was able to remove additional amounts of GOLD that were either 'left behind' by the previous miners or which could only be removed using the Pershing Resources WHAMMA-JAMMA technology. Where is all the GOLD that was allegedly extracted by the New Technology?
I have always wondered why a company would choose to (ahem) extract incredible amounts of precious metals using its (cough-cough) proprietary extraction techniques and not keep the HUGE amounts of GOLD for themselves. IF the NEW TECHNOLOGY was so efficient. the equipment and labor were so inexpensive, and the GOLD yield was so great, why would a company need INVESTORS?
Simply put, if the NEW TECHNOLOGY produced 10Xs...20Xs....100Xs the amount of GOLD as a standard (and PROFITABLE) mining operation produced, why would a company choose to let the cat out of bag? It would be like finding a 100 pound pure gold nugget and then melting it down and giving smaller nuggets to passing STRANGERS.
If you had a TECHNOLOGY that produced 10Xs or 100Xs the normal production of widgets and you could do everything by yourself with little time and effort expended, would YOU give away the technology?
Possible explanations are that the NEW WHAMMA-JAMMA Technologies are a SHAMMA-JAMMAS; the owners are philanthropists (NOT likely!!!!), the technology only 'works' in the laboratory; the results have been modified; the company has found a way to make money without producing a product; or the company is one step away from productivity.
I will leave the conclusion up to the reader.
I continue down a POSITIVE ATTITUDE path in life. Some things are real, some things are fantasy, and some things are just plain BS. I have a fairly clear understanding which thing is representative of Pershing Resources.