PMH have a JORC res at Anne Mason of 7.1 bill pounds Cu Anne Mason is still open at strike Blue Hills and Shamrock in this Yerrington district may have a res of over 2.0 bill pounds Cu
Nevada Copper have just upgraded their res to 9.3 bill pounds Cu and are still open at strike
Quaterra have 7.0 bill pounds Cu
There are several other small explorers who may find substantial deposits
I predict the total endowment for this Yerrington area will exceed 30 bill pounds of Cu Plus substatial quantities of Au Ag and Fe
This size dep makes it one of the biggest in North America and has drawn the Chinese ZTS group to take up shares in Nevada Copper
It is likely that the area will be looked at as a whole to gain synergies Another major Copper producer and explorer may be drawn into the fray
The next 2 quarters will be very exciting. My immediate target price is 0.30 but if a rationalization of properties and the establishnment of a mine occurs the price should move higher
PMH Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held