Dagrub. 1Billion is nothing They have an inferred JORC compliant resource signed off by Golders of 7.1 BILLION pounds of contained copper.
But it gets even better. Donna you alluded to a new high prority target on page 16 of their 27.5.08 announcenent. This is possibly a new major target. Perhaps another Anne Mason.
They are steadily drilling to increase the total reserves in the Yerrington area apart from this new target. I predict they will eventually establish a Coy wide 10-15 Billion pound resource of Cu
Their uranium reserves including PEN are silently growing
They are a potential takeover target by their asssoc with GIR. Sino Steel and BHP will have noticed GIR in their back yards. AMCI isnt there for a minority ride
Consider GIRs assets. $80m invested at a poss 8% ie $6.4 Mill int pa Thats a lot of drilling. Will they support PMH with funding? You may as well ask does Wally Lewis like footy?
With RHI sold PMH is GIRs premium investment. Of the hundreds stocks I have invested in and followed this is the most comprehensively undervalued. The market has this one totally WRONG. It isnt tilting at Quixotic targets. It has the shiny JORC sticker all over its reserves This is a $10-20 stock. Patiently holding 100k shares will bring a $1-2Mill payday
They walk the GIR walk. Understated and quietly industrious.
Don't lose your nerve when the wave starts to build.
W
PMH Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
