@Anton Chigurh
Mate I'm far from being a geo so I try not to over complicate the geology analysis. I've looked at what seems to me a well switched on management team that has Spanish experience and has a JV with a large company that is trying to make a splash in mining. Judging by a previous statement by management that they were working out this deal in early 2015, I'm satisfied PLH has done their due diligence and they're more equipped to do so then me. So to me the company is well positioned and the price was right for me at about 18c with the low EV you've mentioned. Would be comfortable buying more at current levels but I don't have the capital presently. Not too concerned with its prospects as I don't go in with more than I can afford to lose. I'm gonna get a comfy chair and wait it out.
Cheers too for sharing your research. I wouldn't have had a clue about it without your sharing.
