"A year ago, I visited Pilot Gold's projects in Turkey. One is a copper-gold porphyry; the other is a gold-silver epithermal system. Both were very attractive and had great technical success and great drill results. It's important for your readers to understand that the decline in shares since January has not been rational. Nor has it been manipulation or shorting. It's been hedge funds and gold mutual funds being forced to sell shares. Often, they sold the best projects just because they could. They needed cash and sold everything they could to raise it. . .the company's joint venture with Teck Resources on the big porphyry project in Turkey is in a holding pattern. It's not attractive at $3/pound copper, but it's very attractive at $4/lb copper. The company is drilling the heck out of the TV Tower project and Kinsley Mountain. It has plenty of cash and an incredible ability to raise money."
"But there is more. With Pilot, investors also get a great project in the prime jurisdiction of Nevada: Kinsley Mountain. The company has already reported several high-grade intercepts, as well as others one might call merely 'encouraging.' They are looking for a big, low-cost discovery, as the same team delivered at the now-famous Long Canyon project they sold to Newmont Mining. That's a bit of a speculation, but the question of how likely success is will be answered after this year's drilling. The market is focused on the discovery in Turkey and isn't giving Pilot anything for Nevada. That gives investors the Nevada upside, whatever it is, for free."