PMH 0.00% 26.0¢ pacmag metals limited

Hi Praia, it is partly the price of copper, which is currently...

  1. 342 Posts.
    Hi Praia, it is partly the price of copper, which is currently over $3.50 a lb, but mainly the exploration results from Yerrington. Entree have continued to invest in exploration of the areas they hold in the Yerrington basin, those areas having been significantly added to with the acquisition of Pacmag's areas which hold about 8billion lbs of copper. The next door tenements that belong to Nevada Copper have been showing major progress towards mining, seeing Nevada's price rise significantly as well. It is worth noting that Nevada Copper's price was about the same as Entree's at the beginning of July, i.e. around C$2. It is not up around C$3.50 while Entree's is C$2.80. While not quite travelling in sync, the fact of these mutual improvements in such a short time suggests that the area play is coming together nicely for all of them. I am looking forward to some big returns here in the next two years, having been holding a pretty big number also for a number of years now.
 
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