Hi Ians Ive just checked Nevada Copper The warrants recently issued to Capstone Mining have an exercise price of 3.00 and 3.50 under certain circumstances so 2.70 isnt a surprise What is significant is the very high daily turnover which may be rerating by astute TSX investors but may be corporate activity. You will be aware that the giant Chinese ZTS subscribed for 5% of the shares earlier this year and have been sidelined
NCU is the most accurate benchmark for measuring PMHs relative market cap Based on the 3.00 exercise price of the NCU warrants PMH should be at $Can0.94 or $A0.97
NCU began their prefeasibility study this November. When these results are made public it will validate the value of the surrounding mining properties
I am a bit further up the top 20 than you suspected Ians
PMH Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held