what price the issue?, page-7

I agree with Pelm1, the announcement yesterday was an indicator to the wider market (or maybe potential financiers?) that PLV is a junior explorer with a resource, all be it at present a unquantifiable resource, but one that will turn heads when phase II drilling is completed.
It definately sugguested to me that the company is serious about obtaining capital at a premium to the current SP, and deservingly so given the announcement. There still remains plenty of upside for any cornerstone investor that tips in $10 - $20m at $1.50+ per share. If phase II results are in line with previously announced expectations and taking into consideration the increased inferred resource, 250 – 300mt+ in ore may be on the horizon in 6 – 12 months time. Any China/India steel company would be lining up to secure front of queue to get their hands on this much ore!