+ Watch PTQMF
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The Company is engaged in the acquisition, exploration, exploration management, development and sale of mineral properties.
This one is a little tougher than average.After looking at the latest un-audited financial statement, it is tough to tell if they are actually going to be pouring gold or not.Their mill can do 2,200 tons per day of .3 g/t ore. This means they can extract $18,000 per day in gold. But from that we have to subtract their costs. Given that thin ore, I think they costs will be close to the worth of the gold. My guess is that this is going to lose money and will not merit the market cap.
Well...time has passed since your post.. And now after reading in their latest Preliminary First Quarter Results that "gold poured during its first quarter of fiscal 2012 has continued its upward trend totalling 18,014 ounces, an increase of 8% compared to the previous quarter." and plenty of other positive data, I think its a matter of few weeks before PTQMF reaches a new 52week high.
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