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Playfair Mining Ltd V.PLY

Alternate Symbol(s):  PLYFF

Playfair Mining Ltd. is a mineral exploration company based in Canada. The Company’s main business is the acquisition, exploration and development of natural resource properties. The Company has interests in various properties in Grey River Newfoundland, Rostvangen-Kvikne-Vakkerlien Project (RKV Project), Folldal Project and Osterdalen Project. The Grey River property is located adjacent to the fishing village of Grey River (population of approximately 350 people) on the south coast of Newfoundland. The property consists of nine mineral claims (1,750 hectares). The RKV properties cover 201 square kilometers (km2) in a mining area about 100 kilometers (km) south of Trondheim by road. The RKV Project covers three Besshi-type Volcanogenic Massive Sulphide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. The Company acquired exploration rights on the approximately 216 km2 North Osterdalen Project.


TSXV:PLY - Post by User

Bullboard Posts
Post by eraflairon Feb 13, 2006 3:23pm
211 Views
Post# 10359043

Nothing till.......

Nothing till.......this stock has had a great run, w/out a doubt, a great IR team...however, they built up the price...so whats next? 1. they get bought out...not gonna happen till the 43-101 there reserves, which will take some time, and a lot of money 2. they drill, and hope they have the goods in the ground, but very unlikely that they will have the 43-101 reverves match teh historic reserves....sorry... so what happens...its really anybodies guess...perhaps to move the stock up, they need more news aka more aquisitions of W properties, or JV. they key is to be in production or close too, and PLY is not that yet, so they will need to choose a course of direction.... the obvious connection would be w/ PMi since Robertson is a board member, but he's a smart cookie, so PLY will have to proove the reserves.... Interesting story, but pLy has same approach as NUC ( same management, same IR) so, until they a) get bought out or b) prove reserves, I see the stock not doing much any comments? curious what the board thinks
Bullboard Posts