Stock is trending up since late August. With some more positive news we will be hit $1.00 by Q4. If there are some positive surprises then it will jump multiple dollars in early 2014. Once they start mining the sky is the limit one. Any way you look at it there is major upside to this on positive news.
I'm long PGLC and I have as much faith in this co. and management team as anyone but $2 for this co. is very high. I can see $1 in early 2014 but anything over $1 will have to wait until some drilling is done. Now, on a buyout from a larger player, that could bring very close to $2/share.
several bucks? no way. If they announce actual mining and hiring staff then yeah a buck is reasonable and it would jump alot but its not worth a couple a bucks. It needs alot for resource reports AND actual drilling to get there. This is a small JM that has been heavlily diluted.
Great Management team . Millions of dollars in insider buying. Frost is on The Forbes top 400 Billionaires. They have done this before and they know what they are doing. Pershing is already backed by existing gold mines . Again this tells me that someone who knows what they are doing is backing this financially. I have to take a look at these facts and say these things weigh heavily in their favor.