donnaleighh and ians,Although it is a big deposit, and PMH...

donnaleighh and ians,


Although it is a big deposit, and PMH cannot develop it on its own right. Existing shareholders cannot enjoy billions of dollars of NPV, or whatever unless we have our own bank to invest at least $500m.

The best option is to sell it to the Chinese, or a major, the second best is to sell 80-90% of it to get the capital for the development.

As I said, on peer valuation, it is worth at least at 85c. It should be worth $1.50 if is taken over. But Mr Market think it differently.

Anyone knows when the company is going to upgrade the resources?, and any progress on the copper-iron ore targets? I know IXR is selling its copper-gold-iron ore as DSO. There must be a market for such type of iron ore...