$PSGR A quick review of Pershing Resources prior
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Posted On: 07/16/2018 10:13:13 AM
$PSGR A quick review of Pershing Resources prior Press Releases starting in 2015. The below paragraphs are taken from the Press Release and are not intended to represent the wording of the entire PR.
(Feb 19, 2015)
The Company has hired an independent contractor to sample additional locations on the property as well as to isolate a viable method for recovery which can be tested on a pilot scale. Assay results, thus far, have been promising. These results have led the Company to increase the number of mining claims it now holds from 44 to 55 on the mine site. The increase in claim holdings reflects management's confidence in the commercial viability of the Marco Project.
NOTE: Please read the last sentence again. This is from THREE YEARS ago. If there was management's confidence in the COMMERCIAL viability of the MARCO PROJECT (based upon assay results, etc.), WHY does the most recent Pershing Press Release state that there may be around $10 MILLION available to be spent on two NEW projects that still require assays, survey, etc. AND NOT ON THE MARCO PROJECT????? Possible explanations: 1) There is nothing of value at the Marco Project claims/ the assays were 'in error' 2) The weather has been a factor as (ahem) extreme temperatures have made access to the claims sites very difficult
3) The amount of the precious metals is so incredibly high, it will take decades to ascertain the true value. In the meantime, corporate Pershing Resources has chosen not to crash the precious metals market by introducing mega-tons of Gold into the Market. 4) There may have been a extraordinary amount of BS spread.
RENO, NV -- (Marketwired) -- 06/30/15 -- Pershing Resources Company (OTC PINK: PSGR) announced that it has begun testing its pilot mill at a facility near Kingman Arizona. The Company took delivery of a sonification unit, crushing circuit and other equipment in early May and, has largely completed assembly of a pilot mill. Testing will take sixty to ninety days and will involve processing runs of 25 to 100 pounds at a time. Once testing and adjustments are complete the pilot mill's capacity can be scaled up to 1 ton per day and eventually increasing to 5 tons per day. The Company will report on yield results as warranted...………………….
Pershing Resources' CEO Steve Plumb said, "This marks a major goal for the Company and shareholders. We have developed the beginnings of a production capability and expect to be able to report a modest cash flow from operations in the near term. Having Bill come on board along with the two additional properties has been a game changer for us and demonstrates how the acquisition of Simple Recovery has been immediately accretive for the Company.
NOTE: Mill???? 5 tons per day???? Yield results???? BEGINNING of a PRODUCTION capability???? CASH FLOW???? Oh yeah...this was also THREE YEARS ago in JUNE of 2015. So....where's the production and cash flow????
RENO, NV -- (Marketwired) -- 03/21/16 -- Pershing Resources Company (OTC PINK: PSGR) announced today that the Company has agreed to exercise its option to purchase a property that it has been leasing as its development facility. A purchase agreement has been executed and the transaction is expected to close in the next thirty days.
The 22 acre property is located near Pershing Resources' New Enterprise Project outside of Kingman, Arizona. The property presently has several buildings and includes living quarters for up to six staff. Enhancements to the existing water and electrical systems are currently being added to accommodate pilot mill development needs. The property is suitable for mill development work and extraction testing. Small scale production is also permissible.
NOTE: This was in March of 2016. Does anyone have any knowledge as to what has transpired since this Press Release was issued? So.....what is going on there now???? Is the 'living quarters' now a B&B? Did the suitability of the property change and the ' Precious Metals Mill' get turned into a 'BS Mill'? Has 'small scale production' now become impermissible?
The above Press Release paragraphs represent entries from 2015 until 2016. Prior years of Press Release are also available for review. A review of the two decades long Press Releases appears to present the same 'forward looking' statements. Since its creation {Pershing Resources and itsprior corporate name(s)} and to the best of my knowledge and research, there has been no documented profitable and continuous sale of precious metals that resulted from any developmental processes or mining activities of Pershing Resources.
REMEMBER the latest (July 2018) Pershing Resources Press Release alluded to the potential investment of possibly $10 Million for NEW properties/claims that still require assays, surveys, etc.
1) Where is the money originating? 2) Why are the 'NEW' claims so much more promising than those that have been declared good because of 'management's confidence in the commercial viability'???
I think I may have come across the reason that Pershing Resources issues so few Press Releases:
ONCE THE WORDS ARE IN PRINT, THEY ARE DIFFICULT, IF NOT IMPOSSIBLE, TO DENY.
ACTIONS & RESULTS NOT BS
(Feb 19, 2015)
The Company has hired an independent contractor to sample additional locations on the property as well as to isolate a viable method for recovery which can be tested on a pilot scale. Assay results, thus far, have been promising. These results have led the Company to increase the number of mining claims it now holds from 44 to 55 on the mine site. The increase in claim holdings reflects management's confidence in the commercial viability of the Marco Project.
NOTE: Please read the last sentence again. This is from THREE YEARS ago. If there was management's confidence in the COMMERCIAL viability of the MARCO PROJECT (based upon assay results, etc.), WHY does the most recent Pershing Press Release state that there may be around $10 MILLION available to be spent on two NEW projects that still require assays, survey, etc. AND NOT ON THE MARCO PROJECT????? Possible explanations: 1) There is nothing of value at the Marco Project claims/ the assays were 'in error' 2) The weather has been a factor as (ahem) extreme temperatures have made access to the claims sites very difficult
3) The amount of the precious metals is so incredibly high, it will take decades to ascertain the true value. In the meantime, corporate Pershing Resources has chosen not to crash the precious metals market by introducing mega-tons of Gold into the Market. 4) There may have been a extraordinary amount of BS spread.
RENO, NV -- (Marketwired) -- 06/30/15 -- Pershing Resources Company (OTC PINK: PSGR) announced that it has begun testing its pilot mill at a facility near Kingman Arizona. The Company took delivery of a sonification unit, crushing circuit and other equipment in early May and, has largely completed assembly of a pilot mill. Testing will take sixty to ninety days and will involve processing runs of 25 to 100 pounds at a time. Once testing and adjustments are complete the pilot mill's capacity can be scaled up to 1 ton per day and eventually increasing to 5 tons per day. The Company will report on yield results as warranted...………………….
Pershing Resources' CEO Steve Plumb said, "This marks a major goal for the Company and shareholders. We have developed the beginnings of a production capability and expect to be able to report a modest cash flow from operations in the near term. Having Bill come on board along with the two additional properties has been a game changer for us and demonstrates how the acquisition of Simple Recovery has been immediately accretive for the Company.
NOTE: Mill???? 5 tons per day???? Yield results???? BEGINNING of a PRODUCTION capability???? CASH FLOW???? Oh yeah...this was also THREE YEARS ago in JUNE of 2015. So....where's the production and cash flow????
RENO, NV -- (Marketwired) -- 03/21/16 -- Pershing Resources Company (OTC PINK: PSGR) announced today that the Company has agreed to exercise its option to purchase a property that it has been leasing as its development facility. A purchase agreement has been executed and the transaction is expected to close in the next thirty days.
The 22 acre property is located near Pershing Resources' New Enterprise Project outside of Kingman, Arizona. The property presently has several buildings and includes living quarters for up to six staff. Enhancements to the existing water and electrical systems are currently being added to accommodate pilot mill development needs. The property is suitable for mill development work and extraction testing. Small scale production is also permissible.
NOTE: This was in March of 2016. Does anyone have any knowledge as to what has transpired since this Press Release was issued? So.....what is going on there now???? Is the 'living quarters' now a B&B? Did the suitability of the property change and the ' Precious Metals Mill' get turned into a 'BS Mill'? Has 'small scale production' now become impermissible?
The above Press Release paragraphs represent entries from 2015 until 2016. Prior years of Press Release are also available for review. A review of the two decades long Press Releases appears to present the same 'forward looking' statements. Since its creation {Pershing Resources and itsprior corporate name(s)} and to the best of my knowledge and research, there has been no documented profitable and continuous sale of precious metals that resulted from any developmental processes or mining activities of Pershing Resources.
REMEMBER the latest (July 2018) Pershing Resources Press Release alluded to the potential investment of possibly $10 Million for NEW properties/claims that still require assays, surveys, etc.
1) Where is the money originating? 2) Why are the 'NEW' claims so much more promising than those that have been declared good because of 'management's confidence in the commercial viability'???
I think I may have come across the reason that Pershing Resources issues so few Press Releases:
ONCE THE WORDS ARE IN PRINT, THEY ARE DIFFICULT, IF NOT IMPOSSIBLE, TO DENY.
ACTIONS & RESULTS NOT BS
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