I have no doubt waiken. We were at that price level last year and for no reason other than market sentiment and the accompanying drop in the price of copper, we got hammered. However, if you look at the volumes, it is clear that the faithful never deserted the stock. With the copper price coming back Pacmag have decided to move forward with their drilling program, all be it focussed on a key target area. With the copper price now recovering to a level that, once again, makes the Ann Mason proposition potentially very profitable, I do see the potential for consolidation coming back into the frame, having been postponed during the past 18 months by the recessionary zeal of the market. I sit and wait, but am very happy to do so given the inherent value Pacmag has in both Nevada and North Dakota (U and Germanium), as well as Blue Rose in South Australia which is a sleeping giant, even more possibility here now the government has given the go ahead to our neighbours at Four Mile Creek.
PMH Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held