they acquired from Oro Silver at the end of last year. They are cheap, and have pulled back from recent 52-week highs a few sessions ago. The expect to produce 18K Au oz annually, and they also have a big gold project in Canada called New Polaris. The goal is to get that restarted. They have a very strong management team, the Chair is Bradford Cooke, the EXK CEO. He knows how to build a company, he's good at all the aspects of PM mining, like exploaration, financing, operations, cost control. CRCUF, check it out. GLTA
... that this move up on 6X normal volume, in a scorned sector is definitely counter trend.
One has to wonder why. Remember that the original Sleeper AMAX mine was a high grade mine. Gold is where you find it. The claim base was expanded dramatically, and I think it is possible that another high grade zone is out there & could be found. The other theory is that PZG is being bot for the proven low grade reserves.
IMHO - Tomcat
Sentiment: Strong Buy
Well I just got a "thumbs up" on my "No Gold" post, which confirms and proves that the village idiot has arrived at the Sleepy mine.
FYI - Tomcat
The stock is up because it has been determined that there is NO GOLD in the claims. This could be interpreted as good news as money would not be spent on mine development!
VBG - Tomcat
P.S. I bet this post gets a thumbs up. Would make as much sense as my last post getting a thumbs down!