the story with PMH is one which i do not understand...clearly,...

the story with PMH is one which i do not understand...

clearly, the market has dumped this as a trading stock, and that is the reason why this thing can't manage a decent spike rally on the back of good news...

Ann Mason basically becomes a play on your view of the long term copper price....

It was voted by RESOURCE STOCKS magazine as one of the best exploration finds of last year (CuDeco took 1st prize).



The grades at Ann Mason are fair, but are short of spectacular. However, what makes it interesting is that there is such an enormous amount of copper deposit in the ground there.

Any long term copper price of $2.00/lb makes this project, very, very economic. My long term veiw of metals prices supports a copper price above these levels. Not only is the China story key, but there is the Indian story out there as well, which is behind in infrastructure, so when this happens over the next 5 to 10 years, it will continue to support the copper, zinc, and nickel price.

PMH for me now is a long term play, and I recently exercised my outstanding options into fully paid stock. I intend to hold, acquire my free PEN shares, and wait to see what comes out of the feasibility study into possible block caving.

A block caving mining approach makes a heck of a lot of sense, as it would reduce costs, project time, and ensure that only the higher grade copper is dug out of the ground. It makes the economics better, and lessens the exposure to long term copper prices.

PMH, in my opinion, is a great value play. And I am happy to tell my personal friends and family about it.

Cheers,

PT