rerating close, page-2

Hi Waiken, have been away for a week and a half out of range so missed all the action. Not that it changes my view, I will be holding until I can cash in millions. However, it did confirm all my previous views and the ann yesterday was very good - it looks like they found the high grade lode they were hoping for (probably knew it was there all along and have just not drilled it to confirm until needed).

I note your observations re Nevada Copper, the operating cost and general price of copper and agree with your assessment all round. I think the operating cost suggested by Nevada is actually a bit less than PMH originally predicted for a stand alone operation if it went on its own, but it wasn't much higher, around $1.25 as I recall, which means that the price consolidation does, as you say, make it a no brainer.

I welcome those newcomers too, and note that their first observation is that no one seems to notice the value here - which is why we have been waiting so long for the market to come to grips with this stock. Can't be long though.

Cheers