Although not holding PMH directly (only via GIR), I don't think it's a bad deal, because those US projects would cost a motza to get into production. Doesn't sound like a bad suite of projects for PMH shareholders to get exposure to in any case.
The only sticking point from my perspective is that it would appear that Entree won't be seeking an ASX listing, which is unfortunate for smaller PMH shareholders. It won't matter to GIR, as they could easily unlode on the TSX if they wanted to.
PMH Price at posting:
26.5¢ Sentiment: None Disclosure: Not Held
