Do some research before spewing about this company, it is a solid company that is banking on Gold and Silver, do a little work. They are continuing to bring their resource estimates into brighter development. Can they be a significant player in the gold strategies going forward omg yes. Get on board becuase this train is leaving and they have the Au oz in the ground and there will be a payday.
We have not generated any revenues from operations. Our net loss for the fiscal year ended June 30, 2013 totaled $13,488,280. Cumulative losses since inception totaled $115,217,521 as of June 30, 2013.
We have incurred significant losses in the past and we will likely continue to incur losses in the future. Even if our drilling program identifies gold, silver or other mineral reserves, there can be no
assurance that we will be able to commercially exploit these resources, generate any revenues or generate sufficient revenues to operate profitable... end of quote
They don't report earnings they are a Resource Estimate built company, until they sell or are acquired as part of a larger package no earnings.
PZG has $9mm working capital - which is good in this environment. Their exploration expenses for the 6 months ended 12.31.13 are down from the prior year, again likely to conserve cash in this weak market. One thing I look for in a junior/explorer is how much their mineral properties increase each year on the balance sheet. Canadian firms give an easier picture since under IFRS they can capitalize their expenditures whereas under US GAAP they are expensed - this is why PZG's properties appear stable even though they are continuing to explore and define their potential. Long story short, PZG is a steal at these prices.
Yes, OTC stocks generally mean the company hasn't made the jump to the Big Boards yet. But, sometimes the best time to acquire is when they are trading at a lower price only on the TSX or OTC. Remember, mighty First Majestic was once a 15 cent sleepy stock on the TSX. The major difference that I can tell between OTC and TSX is that there is a slight price differential depending on the current $CD and $USD forex rates. All in all, the better bargains with more upside reside north of the border on the TSX & TSX venture exchanges.
As far as Amex stocks go, besides PZG, I am high on SVBL also. This company has multiple non-disclosure agreements with the majors and their Sierra Mojada project has at least 165 MM silver equivalent ounces and a boatload of zinc byproduct to offset the costs. It is an easy 5 bagger in my opinion. Again, I think Coeur D' Alene (who is a major shareholder of SVBL) will buy them out. But, I suspect there will be a bidding war for the treasure trove of wealth sitting in the ground at Sierra Mojada.
I took a look. Wildcat looked promising, but I try and not buy the OTC stocks now. Scorpio didn't have an American OTC that I saw. I found that most of the otc stocks seem to sell off their prime positions, or joint venture them out, in that there is nothing of value, when it's said and done. That is what has happened to one, in particular, that I have owned. I bought it for a certain property, and it was sold.......taught me.LOL. I have heard of these two stocks, so it must have been a few years, imo, with them. I wish you the best! I, mostly, just stick to AMEX. There is more out there, it appears, to research. Take Wildcat......their profile has not been activated on yahoo......who does their investor relations?LOL. I have found that these small things mean a lot. Management is very.......very important!
Wildcat and Scorpio definitely should have. Scorpio is an active miner and has started exploring additional targets. Wildcat has already starting adding preliminary reserves to their properties as of 12/13. Manitou and Silver Range are possibly still too new to have PEAs yet - ergo their share prices are lower than the other two.
Any of these companies have any PEA's to look at? I couldn't find one for Manitou.
The new presentation is under construction. Did you watch Mr. Crupi, at the Denver Gold Forum? Maybe you should google that and watch the 2013 presentaton. Costs, all in, may have been 850.00. This is a solid company, in early stages, imo. Good fortune to you.
Sentiment: Strong Buy
Thanks for the reply. I will take a look at them. Have a great weekend.
PZG drills/explores the properties on their mineral leases in order to define their resource potential. The rights to actually mine the properties will ultimately be sold to an actual miner. My bet is that Coeur D' Alene will eventually buy them out.
Question. I went to PZG website and listened to a video they have posted on an interview. I thought this Company mined for metals. I was confused by the video from the Company rep that said they just look for mine sites then sell them. Am I correct here. If not can you explain. Thanks
All are in safe jurisdictions......
Wildcat Silver in Arizona
Scorpio Mining in Mexico
Manitou Gold in Ontario, Canada
Silver Range Resources in Yukon, Canada
Places I will not invest include South America or Africa due to political instability. Asia is a bit iffy, but I do own Silver Corp which is the largest silver miner in China.
Sentiment: Strong Buy
I missed that, and thanks for the post. I am not surprised, because he "eats his own cooking"! Thanks again!
Sentiment: Strong Buy