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quick checks reveal 2 PR5 with the link shown in cached page?!?!
A PHP site from a .edu that google recognizes contains the term, but has no cache of the page despite being up for years and a major page for the topic with PR5.
a PR4 from a great site that has linked for about a month not that oddly the link is not reflected.
i could go on but i dont want to bore you.
Google crawls the web over a period of about 3-7 consecutive days within a month to create the link network that is used to generate PR. This is referred to as the deep crawl. Google then starts to use this data about 3 weeks later on the next Google update.
The cache for a page can be updated by Googles FreshBot at any time within a month.
This means that if a link is added just after the deep crawl it can be seen in a pages cache if the freshbot has visited but it will be approx. 7 weeks before this link will be included in the PR calculation.