First time poster here, however long time HC reader and even long time holder of PTR since back in the failed geothermal days. So have been a small time holder of PTR for many years and have just been watching them whittle away to nothing. Never sold them cause it wasn't worth the hassle, however in last 2 months have bought back in to average down. Excuse my ignorance, and I'm far from a Wall Street type of guy, however what is the normal process/timelines for a significant find like this? Obviously we are in the early days and all signs look good, however at the the moment the deposit is still buried underground. It appears a shallow deposit, and I imagine digging it up won't cost as much as most mining operations. Are we looking at 10 years before it's mined, refined and sold? Is it 15 years, is it 12 months? And in the meantime does the stock price just continually steadily rise as the deposit is going nowhere.
Im a newbie so please no sarcastic comments and please no outrageous claims that the SP will be $100 by December. I also hold shares in ZIP, which has exhausted me in reading the totally bias comments on both sides.
Ive held PTR for 17 years and are not selling anytime soon. Just a curious and excited onlooker on where this goes from here.
Hopefully congrats to everyone for their patience.
PTR Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
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