short termism increases chance of 2nd bid, page-3

Hi M
Sorry about the delay. Board meetings call.
I predict that the AUD will maintain its long term average against the CAD
The current sovereign debt problem will be resolved by expansion of the money supply which will supercharge copper prices and draw attention to Juniors with large Cu reserves
PMH should currently be 0.95- 1.00 if we benchmark to NCU which has a similar profile
I believe there is a high probability of a second bid if PMH price weakness persists. A hedge fund could accumulate 10% under 0.35
Waiken