Whooooosh….
I own this stock. They discovered gold in the tailings a couple of years ago. Processed ore that could be quite rich.
https://providencegold.com/news/providence-gold-mobilizes-stockpile-drilling/
I posted this comment on a Canadian forum on the 11th, stock took off since:
“I did some research on what percentage of gold got processed back then, using stamp mills and simple sluicing of the product. About 40% yield, which means that the stockpiles contain upwards of 60% of the original grade. We could be looking at 200,000 ounces or more if they really did not get anymore than 40% of the gold the first time around.”
Great chart. It’s not over yet.
Not even close. If they report what I think they are going to report, then bring in a portable mining plant, they can be producing respectable amounts of gold with very little outlay. Then they can get to work on the mine(s) that produced the rich tailings piles. Self financing.