I cannot understand how $20m cold, hard cash (or an equivalent) gets treated like nothing happened.
There are many uranium companies out there with poorer uranium assets than PMH’s, and these are valued at $30m +. PMH has actually received the cash in the bank on theirs (so there is now little risk on the value of this from a PMH perspective).
This means that the market values the massive Ann Mason deposit at around $30m – which is absolutely crazy.
All today’s price action reaffirms in my mind that PMH is a long term play, that is going to benefit enormously as the copper bull market resumes its long term trend.
PMH will be a $1.00 stock – no doubt, IMO.
PMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held