PMH 0.00% 26.0¢ pacmag metals limited

cheap as chips, page-4

  1. 342 Posts.
    My previous posts on this stock will attest to my long held view, in confirmation of what you say Waiken, re rationalisation and value (PMH hold about half, probably closer to 2/3s of the actual resource that would be up for consolidation in the area). The Chinese connection is new but not unexpected. The cash position of the company and the fact that they have not asked us for a cap raising suggests your insight may well be on the money. They need money and want to develop both Sentinel (in North Dakota) and the prime elements of Ann Mason and surrounds - to do this they will need the help of some benevolent Chiness or other backers. No doubt that what they have in the ground is worth a squillion - just the same old problem - how to get it from there to market.
 
watchlist Created with Sketch. Add PMH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.