Finding what is probably a super pit like Hemi is a rare event. With all the allusions to Hemi and DEG that abound these days, you would think they are all over the place just waiting to be picked up. Apart from the unrelated geology, that is why I say nonsense. Agreed, Callie was also a fantastic find. To discover another Callie would make PRX a multi-bagger, no doubt about that, but the chances are somewhat low. However, in view of the extended tenements held by PRX, a more typical spread of discoveries combined with existing resources can still turn PRX into a profitable company over time. I like to be realistic and that is why I spread my investments across a good number of gold explorers so that I can pick up winners without going bust on losers. After all, isn't that what the majors are doing by entering into JVs with junior explorers - spreading their risk after evaluiating prospects from early exploration?
PRX Price at posting:
6.6¢ Sentiment: None Disclosure: Held
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