The announcement was hollow, it's not spectacular at all. The copper found were sporadic and inconsistent, just look at the interval. Anyway people don't really care about the copper at the moment, they only worry about PEM well being, with the falling of zinc/lead prices and the rising costs such as oil, labor and other material these might hurt PEM. While Mt Oxide is still in feasibilty studies, we would not have any clues, they will have to readjust their assumptions should the copper price falls further. I've dumped my shares yesterday, realising big losses, should've done it weeks ago. but that's life.
PEM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
