It is a great disappointment that share price is going nowhere.
The Ann Mason copper is huge. But the problem is you need large scale bulk mining to make profit. I mean, Minimum $1b capex.
For a same joint like PMH, it is almost possible. The best shot is to be sold to a major like BHP, RIO which both have similar operation in the same area or nearby.
Currently, PMH is valued at less than EV of 0.5c/lb resources for copper only. Well belong any recently transaction which is between 3c to 7c/lb.
This is why PMH is like a lotto ticket. I am almost certain it will be bought out, just don't know when.
For the time being, the uranium is a very good story. It will generate some very interesting news.
As you know, the best strategy is to keep a core position to avoid major disappointment. Trading some of position to get in front.
PMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
