It doesn't matter to the P&D players. All you have here is a bunch of pump as this mine will never become operational and so far neither CRGC or PLGC have earned a nickel. They have sold a lot of stock though! People will make money here playing this stock so let them have their fun. Blue Scorpion pretty much took Epstein to task but Seeking Alpha is mostly pump now anyway.
The pump is definitely on and this has bolted from .30 to .60cents in a few weeks. Credit to anyone who has made $ on this so far. Until there are actually revenues from operations it's just another day of speculation.
Not sure what your background is but 0.005 oz/ ton at todays prices is the cut-off for an economically feasible open pit gold mine. Your information is not accurate or even close to being accurate. Additionally do you thinj this management team would of gotten themselves involved with this Project if what you say is correct? Do your homework, Alfers and company read the 2010 MDA Resource Report and all the drill results before gettign involved.
We keep getting "but this is low grade" over and over on the boards. Maybe its not spectacular paydirt but it can be profitable at these prices. When you spend time looking at juniors there is not alot of pickings out there. You got lower grades in developed countries or good paydirt in the middle of nowhere in africa or new guinea with no real chance of getting finance, and you get to wait a bunch of years while that happens. With PGLC you know whats going on know, its had big insider buys, and things are almost ready to go. People will accept the lower gold amounts for some certainly. I also own argentex, fantastic potential and great tests but I wont make any money for several years, if at all. Theres a reason why most juniors trade about 20000 shares a day and th one averages 800000+.