PMH 0.00% 26.0¢ pacmag metals limited

ann: high grade copper intercept, page-3

  1. 27,845 Posts.
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    danube,

    Thinking about Time Money Investment, do you think maybe the SP is low,as a result of people doing a runner to stocks actually preparing a PFS to decision to mine?

    Does PMH have a PFS or even desktop, anything with a date on it?

    Surely they have enough resource defined to look at some sort of study, and continue drilling out the resource simply to extend mine life?

    I think that may be part of the problem here. I get a sense that they are good explorers but not sure they have a production vision.

    Even small companies like GGY, who have defined a resource of like 20,000t (I know it's small) but they are looking at scoping studies.

    Maybe it's just me, and maybe while i continue to hold for now, i ask, is this feeling just mine, and why then are the punters leaving, to suppress the SP with their exit.

    For mine, frustration comes when a company continues in the same path, without providing a timeline, or even presentation guidence to a re-rating from explorer to developer to producer.

    What we have is a burst of excitment from a new drilling results, new punters enter, and then the same drift lower into endless exploration.

    hmmmmph!
 
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