re: scd - pil in a nutshell!!!
Hi SCD, I can understand your feelings, and you may be right. The announcement of the resource upgrade will probably NOT drive PIL to any dizzy heights, as 2mill-2.1mill tons are already factored into the price at this stage,in my opinion. What WOULD have shot it up would have been a sensational further strike by Inmet, which apparently has not yet happened.
You asked:"With respect to Inmet, does your cup overflow with confidence?"
My answer:" No!" Inmet are biiiiiig, and dont muck around.The impression given at the AGM was that if they dont hit anything with their next round of drilling, they will move on...... Jaguar was discovered with their 2nd hole! PIL acquired the Jaguar from Inmet as a 1.2mill ton resource, because that tonnage was too small for Inmet's scheme of things.They would need (from memory) 3mill+ tons before they would be interested. BUT, if they were to hit a similar orebody with a reasonable tonnage, they would want Jaguar back or want a JV at least.That would solve any probs about fundraising for mine development, JeffyD.
Nickel being the flavour of the time, I was hoping for a good nickel strike at Snowy's. This may yet happen, I hope, when they get back to drilling.
Soooo, everything is on track, and moving slowly, meticulously forward. I will just have to be more patient. jeffyD, I dont think you can go wrong with this one for the LONG TERM, but make your own decision.
