Forgot to also mention the Blue Rose tenements in South Australia which I also think are their long term play. Although PMH have not progressed the work necessary to validate the full value of this project, other than to sell the U rights to PEN, I believe it is thought to be a significant copper deposit. Hence, income from Ann Mason, either lump sum or in combination with royalties, will allow this major project to also be progressed. They have a number of projects and I think this week's announcement shows that most of the smaller ones are destined for spin off to JV partners, while they focus on AM, Sentinel and Blue Rose, in that order. Just a guess, DYOR.
PMH Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
