Closed at 31.5c today from 20c (market cap $16.5m). Not too bad.
BC Iron closed at 53c from 20c (market cap $12m). Great.
However PLV have a much better prospect in Irvine Island which actually has resources (7.5mt at 60%) and greater potential for up to 700mt at 60%.
BC Iron state they have targets for up to 600mt but Irvine Island has much more chance of achieving that. Much easier to develop Irvine Island as well as its an Island and you can just rock the ship up to the edge of the pit like on Koolan Island and Cockatoo Island. If you can find a picture of the Cockatoo Island mine it is worth a look!! It is 40m below seal level and the ship just docks right next to the pit!!
I will see if I can get hold of a copy of that BHP report that was stated in the earlier article (see previous post). It was taken from WAMEX, but is pretty hard to find.
PLV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
