becaue of the drought the thought of water jumped out at me.
These mines need lots of water Nv is desert, water is in short supply during none drought years, I supsect that PZG has water because the Sleeper was mined in the past, and proably has wells in place.
But, with the new lower grade stuff, larger pads will be needed, because of that I think it is resonable to assume that they will need more water than in the past, and that brings the question, do they have it.
Since water in deserts by defination is in short supply, adding in the present drought it is resonable to ask the questions do they have enuogh, if not can they get it??
I think when investing in any mines in Nevada, it would be prudent to question if there are adequate water supplies or if can they get what they need.
I found another mine in Nv they get the water they need from two wells.
I checked out their usage and it is near full capacity, they say they are expanding, I emailed investor relation inquiring if they had the water they needed to expand, no reply.
MDW development plan for a high grade claim near Tonapah NV was denied, because it was below the water table, and the amount of water that would have to be disposed of was more than the state would allow, and that is in a very mining freindly state.
Bottom line since there is a wide variance in the water tables between areas of mining in NV, prudence says check each individual mine or claim out for its individual water situation.