Just had an excellent conversation with Troy Schultz in Investor Relations. Grass root exploration and stability of funding for construction were the main topics.
There appear to be two areas of grass root exploration: one, on targeted areas from arial studies this year and the other to come in the future in terms of underground drilling once the mine is completed.
My initial purchase of PVG was firmly grounded in the believe in Bob Quartermain's character and proven management record. Additional purchases include the growing belief the PVG assets are barely in the discovery stage, meaning there's likely a lot more gold to be found down the road.
Troy also seemed confident that should we experience a world wide banking type crisis that other funding sources would likely be readily available. All and all I came away from the conversation feeling confident PVG will continue to be my "flag ship" investment for years to come.
After talking to Investor Relations a month or two back I came away thinking there would be more "grass roots" exploration but haven't heard anything. Maybe it's time for another email.
There's still a lot of hectors to explore. What might be lurking beyond production?
The "official" line is "We're on schedule", which is production in the 3rd quarter of 2017. Weather is going to play a critical factor but contractors are working around the clock so your comment about producing by early 2017 is, hopefully, right on.
Raising margins has forced liquidation in the past but it seems to me the leverage to short is getting precarious. Isn't the risk to short increasing exponentially as margin rises?
The profits will be immense. Dividend anyone?
The next 6 weeks may end up as one of the more interesting of my investment life time.
You are describing Quartermain's MO. It won't surprise in the least now to see the construction/production come in ahead of schedule.