Hi Dagg PMH holds a number of properties with mystery and intrigue to plagiarize your expression.
But the most salient point about PMH and what distinguishes it from dozens of other Coys with mkt caps 3-10 time greater is that PMH has the money in the bank The others have mystery and intrigue but many of their eventual JORCs will be nowhere near Ann Mason Ann Mason is one of the biggest copper deposits in the world It is open at srike and it is JORC compliant It is in the third most mining friendly jurisdiction in the world and swimming in adjacent infrastructure.
If the impossible occurs and further drilling of Ann Mason doesnt increase reserves and if Blue Hills nearby doesnt increase reserves then they still have 7.1bill pounds of Cu. If we give this Cu an insane in ground valuation of 0.20 Knowing their processing estimates are under 1.50 against a Cu price stubbornly above a 2.60 a pound we get US1.4bill. Divide that by 144mill shares and you get $9.70 Not elegant maths but compelling The market in an ass Hang in there and dont be surprised if this is the one that makes you rich if you are holding enough.
PMH Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held
