Nevada Copper NCU closed at a year high of 2.10 last night on big volume
To new and old investors in PMH it is vital to grasp the linkage between NCU and PMH
The NCU price is the most objective benchmark for valuing PMHs Nevada assets. NCU has increased its reserves from 7 to 9.3bill llbs Cu this year at Pumpkin Hollow
PMH is sitiing waiting. All Anne Masons holes are open at depth ie they all end in Cu so when they recommence drilling its likely their res could exceed 9 bill llbs. But PMH also has the nearby Blue Hills porphyry dep which has a similar footprint to Anne Mason. They could potentially double their Nevada res.
On a comparison of market caps based only on Nevada Cu assets I estimate PMH should be at 0.64 based on Anne Mason at 7.1bill llbs At 9bill llbs price should be 0.80 If they double assets by drilling Blue Hills sucessfully then 1.60
All these prices massively understate the true value of the res but are handy to get a bechmark of where PMH should be wrt NCU
PMH Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held
