i hold too. i think they should sell Ann Mason to one of the majors and concentrate on their smaller higher grade stuff. problem is unless they get financing no matter how good the feas study will be, they will never get recognition.
realistically someone could take out PMH by offering 50c per share cash which IMO way undervalues what they have got. even if they offered $1 per share ($135)- that is cheap. look at what the chinese just paid for a similar smaller project in mexico $250m.
ideal scenario would be sell AM for $100-150m, pay tax, distribute half to shareholders and keep the rest as cash to play with their other projects or pursue other opportunities.
ahhh we can only dream.
PMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
