pacmag in the news, page-3

Hi Mephistophles, good article and a bit unusual, they haven't had a run in the WA press for a while. There are a couple of other things to note about the article that are interesting. Firstly, it is Mike Joyce, the Chairman and CEO of GIR who is making the comments, not Mick Clifford of PMH who normally does the talking. I don't know why this would be other than Mike Joyce is taking a lot more interest in PMH now. I know he things a lot of Mick Clifford, as I do, and this is demonstrated in the comments at the front of their annual report this year. GIR own an 11% stake in PMH and are the driving force. I suspect this may be where some of the development money will come from if and when they need it. Hence Mick Joyce making the comments is probably significant. Secondly, they mention the consultant who previously worked on the project in the 70s, from memory, this might be Jim Gullinger (forgive the spelling if it is incorrect) and he and his brother are icons in that part of America and their knowledge supports the Sentinel project as well. They were a huge asset picked up for the PMH projects in North America and are a critical success factor. This public revelation is an acknowledgement that the historical connection is important in all this - a bit like PEN buying the historical drill results for their Wyoming operation. What it means is that PMH already know the broader extent of the Ann Mason deposits and hence their continued confidence. The drill program will likely be cheaper as a result since historical data might also be available. Speculation, I know, but the connection has positive ramifications for sure. The last is the presence of BHP relatively nearby - not close enough for combination activities I wouldn't think (might be wrong) but close enough to be aware of the significance of the Yerrington deposit and to take a potential interest in it - given that it was Quaterra that was talking the other day about potential consolidation in the area from bigger interests, and given the size of Quaterra, I can only imagine it is either BHP or RIO, maybe a third. Finally, they talk about copper holdings in Australia, which is reference to a range of projects, hopefully Blue Rose as well - interesting they don't mention iron ore, when it was recently mentioned by the company in relation to the Blue Rose deposit. I do think that Blue Rose is all about Uranium and Copper and less about Iron Ore, might be wrong though. DYOR