cheap as chips, page-9

Hi again waiken - you are making my day - I have been a big holder for about 5 years now and watched the opportunities wax and wane. Some optimism from elsewhere certainly confirms that I am right in my long term assessment (proving my partner wrong finally). Quatera was the third player I was referring to but obviously my head for the numbers was a bit foggy. Nevertheless, the original conclusion I reached some 18 months ago, that consolidation was the way to go and that 30B was about the number, is proving to be worthy of some faith. I agree with you that the area will be looked at at a whole. If you read some of the Pacmag releases from last year (and maybe 2007) they effectively flag this without actually saying so. I also know that the MD would prefer to either mine or sell - he is not particularly interested in a sale that involves royalties that might come some time never. This being the case and Pacmag not being likely to be in a position to raise enough capital (probably a couple of Billion) to buy everyone else out and mine themselves, I would say we are looking most probably at sale - question will be when and that will based around price (I recall my ref to $5 a share - that will see me out). Ta for the information and confirming the numbers for me.
Good luck to all holders.