market appetite for good strories, page-4

Copper price going the right way
Once USA returns to growth and with limited supply capacity atm the price is looking bullish

IANS
Back to RXM
RXM has 80mill shares and around 9mill options
They issue shares to their driller as payment so more to be issued
PMH has only 1.5 times the no of shares

The importance of the RXM move from 0.13 to 1.40 is three fold
1 Investor appetite for risk is back
2 This price is moving on skillful releases of drilling results, a slick website and a regular comparisons to Olympic Dam. There a lesson here for PMH directors
It hasnt got the JORC runs on the board like PMH
PMH is way ahead in the game
3 PMH has had several large holders sell down over the past year RXM holders have been very loyal

If Sentinel is brought into production next year then PMHs minimum cashflow would be US$15mill pa with 50% of a U and moly mine
Maximum cashflow would be US$100mill pa with 100% of a U moly and germanium mine

The minimum cashflow position from Sentinel will enable the Blue Hills targets to be drilled and JORCed This could be 8Bill pounds of copper
Also Anne Mason could be further drilled and the JORC res may be upgraded from 7 to 9Bill Tonnes of Cu

Also the Australian Cu and Au projects could be advanced

This scenario assuming minimal capital raising would take the price to your target of $7.00