$PSGR LONG READ BUT INFORMATION WORTH IT. A little conjecture: The time is almost upon us for another Press Release from Pershing Resources. WHY??? Well....nothing from them in over TWO MONTHS and the share price remains in the toilet. There is also that small matter of the TEN MILLION DOLLARS that is the elephant in one of the Pershing Resources PRIOR Press Releases.
The issue becomes: IF you are an investment firm or private individual and have been approached by Pershing Resources to dump a ton of money into the company, WHAT would you do? Does DUE DILIGENCE have some function in your vetting process? Would you review the history of the company and question WHY the company has been in existence for OVER TWENTY YEARS and produced NOTHING? Would you question WHY the company intermittently issues Press Releases then has NOTHING in follow-up? Would you question WHY the company states that an operation/process was on the cusp of beginning activity and then NOTHING occurs? Would you question WHY the company has remained a PENNY STOCK company for OVER 20 YEARS? Would you question where the money from the sale of the PENNY STOCKS went? In a nut shell, would a $10 Million investor or investors just blindly release the BIG BUCKS based upon alleged precious metal ores located on mining claims owned/leased/shared by Pershing Resources?
Investors may recall a previous Press Release by Pershing Resources about a POTENTIAL investment of up to ONE MILLION DOLLARS that had a few requirements/stipulations that Pershing Resources was to fulfill. That was OVER 2 years ago. WHAT was the result? As far as the Joe Common Investor knows ….NOTHING because there has NEVER been any follow-up by Pershing Resources.
So....will the TEN MILLION DOLLARS become yet another forgotten page in the Pershing Resources history book? Who knows? However, based upon the past performances (HISTORY) of Pershing Resources, NOTHING happening has a much higher probability of occurring than anything productive occurring. DUE DILIGENCE takes into account PAST PERFORMANCE(S) or lack thereof.
Which way would I guess the next few years will go for mining, production, and PROFITABLE sale of $$$$ QUANTITIES (***see NOTE below) of precious metals by Pershing Resources??? TWENTY PLUS YEARS of NOTHING just MAY be a good DUE DILIGENCE indicator.
***NOTE...The below figures would be for a SMALL MINING OPERATION
ESTIMATES ARE BASED UPON EQUIPMENT CAPACITY (5 tons/hr), QUALITY/QUANTITY OF GOLD (6.00 grams/ton), and PRODUCTION VOLUME (50 tons/ore/day)
(Gold at approximately $1,200/OZ)
Daily estimate: 285.00 grams (8.8 oz) per day or $11,620
Monthly estimate: 8,549 grams (301.56 oz) per month, or $331,170
Yearly estimate: 102,599 grams (3619 oz) per year, or $4,183,204
ESTIMATED Running expenses (not 100% accurate) $984,279
Income after expenses: $3,198,925/year
(ASSUMED) Sharing part for license holder: 40.00% and for QUORA USER: 60.00%
Monthly income, after expenses: $159,946
ACTIONS AND RESULTS!!! NO MORE 20 PLUS YEARS OF BS!!!
The issue becomes: IF you are an investment firm or private individual and have been approached by Pershing Resources to dump a ton of money into the company, WHAT would you do? Does DUE DILIGENCE have some function in your vetting process? Would you review the history of the company and question WHY the company has been in existence for OVER TWENTY YEARS and produced NOTHING? Would you question WHY the company intermittently issues Press Releases then has NOTHING in follow-up? Would you question WHY the company states that an operation/process was on the cusp of beginning activity and then NOTHING occurs? Would you question WHY the company has remained a PENNY STOCK company for OVER 20 YEARS? Would you question where the money from the sale of the PENNY STOCKS went? In a nut shell, would a $10 Million investor or investors just blindly release the BIG BUCKS based upon alleged precious metal ores located on mining claims owned/leased/shared by Pershing Resources?
Investors may recall a previous Press Release by Pershing Resources about a POTENTIAL investment of up to ONE MILLION DOLLARS that had a few requirements/stipulations that Pershing Resources was to fulfill. That was OVER 2 years ago. WHAT was the result? As far as the Joe Common Investor knows ….NOTHING because there has NEVER been any follow-up by Pershing Resources.
So....will the TEN MILLION DOLLARS become yet another forgotten page in the Pershing Resources history book? Who knows? However, based upon the past performances (HISTORY) of Pershing Resources, NOTHING happening has a much higher probability of occurring than anything productive occurring. DUE DILIGENCE takes into account PAST PERFORMANCE(S) or lack thereof.
Which way would I guess the next few years will go for mining, production, and PROFITABLE sale of $$$$ QUANTITIES (***see NOTE below) of precious metals by Pershing Resources??? TWENTY PLUS YEARS of NOTHING just MAY be a good DUE DILIGENCE indicator.
***NOTE...The below figures would be for a SMALL MINING OPERATION
ESTIMATES ARE BASED UPON EQUIPMENT CAPACITY (5 tons/hr), QUALITY/QUANTITY OF GOLD (6.00 grams/ton), and PRODUCTION VOLUME (50 tons/ore/day)
(Gold at approximately $1,200/OZ)
Daily estimate: 285.00 grams (8.8 oz) per day or $11,620
Monthly estimate: 8,549 grams (301.56 oz) per month, or $331,170
Yearly estimate: 102,599 grams (3619 oz) per year, or $4,183,204
ESTIMATED Running expenses (not 100% accurate) $984,279
Income after expenses: $3,198,925/year
(ASSUMED) Sharing part for license holder: 40.00% and for QUORA USER: 60.00%
Monthly income, after expenses: $159,946
ACTIONS AND RESULTS!!! NO MORE 20 PLUS YEARS OF BS!!!
