The Hartleys report is more balanced. Strachan can get it badly worng (eg he supported CRK's claim of having 4 million ounces and claimed it was very undervalued). And he was paid to do this report so expect some hyping.
I subscribed to his service for 3 years. He provides a useful filter on the oilers, but he was wrong just as often as right when he was positive about a company. In many ways he seemed to me to be just another desk top researcher and did not seem to do enough independent basic research.
In this latest report he values each ounce at a much higher level than what I have seen other analysts for resource ounces. There is a heap of drilling needed to convert the 4.8 ounce resource into reserves.
Having said that, PVM is a good bet in the current market so I bought a few. That probably means that the share price will tank just to teach me again that I always pay too much.
loki
PVM Price at posting:
$1.14 Sentiment: LT Buy Disclosure: Held
