Thanks for the reponse. I am a happy holder, and happy to be one.
I wasn't aware that perhaps a billion US$ maybe required for development - albeit I appreciated that the scope of this is very substantial. I found PMH though being in Nevada Copper...from what I can see they are aboyut 65% the size of resources as Ann Mason and surrounds. I sold out of them January 9th after return from Peru...waited a while, my feeling was that I would porefer to be at home in Aust investing given what I thought was a pretty unsettled market - unsettled, Feb and March came, I saw PMH hammered down to nearly 16c I think. I managed to put all my Nevada copper money in at 17 and 18c, never got any at 16...no matter, given the resource size I believed that this was the cheapest purchase of copper (albeit insitu) that one could make...quite happy with this result.
I am like others absolutely mystified as to why it goes to 30c + and then comes back to the mid-low 20's. Baffling to my simple brain. I remain a happy holder...
Given that China is scouring the earth for substantial copper finds, Marengo has had many an overture from Asia...and it is exactly the same scale...I should be surprised that Chinese interests have not made ovetures to PMH...anyone know if this has happened? 50% of something this size is still a very nice prize.
In the meantime early cash flow (24 months?) from Sentinel it is.
PMH Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
