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

$PSGR At the time of this post, Gold was at ~$170

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Post# of 1537
(Total Views: 425)
Posted On: 03/25/2021 1:27:40 PM
Posted By: Hill411
$PSGR At the time of this post, Gold was at ~$1700.00/oz; Silver was at ~$25.00/oz; and Copper was at ~$4.00/lb.
From the Production costs (averaged for mines across the US, ref: Internet, mining production costs):
Gold: ~$1300.00/oz; Silver: ~$31.00/oz; Copper: ~$2.00/lb


Pershing Resources Company presents itself as (from the website):

'The Company is focused on the discovery of Cu, Au, and Ag mineral resources to take advantage of the projected future price increase for each of these metals. Its exploration properties have been selected because of their location within, or adjacent to, significant historic, present, and projected future endowments of Cu, Au, and Ag within Arizona and Nevada.'

Questions:
1) How will the company take advantage of 'projected future price increase(s)' when it has not done this for more than a decade?
2) When will the company actually 'take advantage of future price increase(s)'?
3) What is the direction of the company? Through the years the company has variously referred to itself as a Junior Mining Company, a Technology Driven Mining Company, and '... a precious and base metals exploration and development company with projects located exclusively in North America.'
4) The above production prices of Gold and Copper are very attractive; Silver not so much. What metal ore prices will provide the incentive for Pershing Resources to actually start mining and produce something /OR/ partner with a real mining company to develop the sites?

I am reminded of people who buy bulk supplies of perishable food 'in case something catastrophic occurs'. They bought the food at what they thought was the best price and kept adding to the food supply because they read
Press Releases/articles that indicated 'something bad' might happen in the future. Unfortunately, the only thing that has happened is almost all of the food has rotted and is now next to worthless....but the Press Releases/articles of pending doom still play out on a daily basis.

I truly want this Penny Stock to develop into a viable stock that has good value. After TWENTY PLUS YEARS OF NOTHING, I may have to check my pantry for quality and quantity.


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