PLY vs PRR, I like both however*PLY has an inferred resource of "6,385,000 tonnes at an average grade of 0.462 per cent WO3" (The study reports 65 million pounds of inferred resource)
Prospector Consolidated, PRR, comparison below.
PRR is doing an inferred resource in the next 30 to 60 days! Union Carbide estimated OVER 100 million tonnes at .1% to .2% (zones of over .4% exist). Let us folks say PRR shows an inferred of .1% of 100 million tonnes. That amount equals 220 million pounds of tungsten. That is taking the lower estimate grade. With additional work more tonnage most likely will exist.
PRR has considerably less shares than PLY.
PRR has a sensational gold/silver property in Mexico too. Over 1 million ounces gold and 20 million ounces of silver were projected from previous drilling. 2 silver historical silver mines on the property too.
PRR's share price is 18 cents. PLY's share price is 75 cents!
I'm NOT knocking PLY. But do you not think PRR is undervalued?
Prospector's news release is below. It came at the close of today's market.
Cheers
Prospector Cons begins bulk sampling at Kalzas project
2007-09-04 19:23 ET - News Release
Also News Release (C-KRX) Copper Ridge Explorations Inc
Mr. Henry Neugebauer of Prospector reports
FIELD UPDATE ON THE KALZAS TUNGSTEN DEPOSIT, YUKON
Further to Prospector Consolidated Resources Inc.'s news release in Stockwatch dated Aug. 10, 2007, in which it was announced that the company had agreed to enter into an option agreement with Copper Ridge Explorations Inc., giving Prospector the right to earn a 100-per-cent interest in the Kalzas tungsten deposit upon TSX approval, the company is pleased to provide a field update and outline the work to be carried out on the Kalzas deposit.
The president and chief executive officer of the company, Henry Neugebauer, PEng, visited the property in August with project consultant, Al Doherty, PGeo, and inspected the roughly 1.5-square-kilometre zone of mineralization as developed by Union Carbide (1980) and Copper Ridge (2005) as per their respective property reports. Upon Mr. Neugebauer's return, Charles Forster, PGeo, a technical adviser to the company and a former manager for Union Carbide tungsten exploration across Canada including the Kalzas deposit, reviewed the work Union Carbide had performed in the 1980s. It was agreed that additional bulk sampling is warranted and that a geostatistician be retained to develop an inferred resource for the Kalzas tungsten property.
Mr. Neugebauer states: "The mineralized zone is as large as it was described in the original Union Carbide reports. After reviewing the historical data of Union Carbide with Charlie Forester, it is evident that they (Union Carbide) had already done an immense amount of work on the property that included geological mapping, geophysics, trenching, sampling and had put in a couple of drill holes. They had built a campsite with an airstrip too. We intend to take full advantage of the previous work to advance the Kalzas project to the next level."
Under Mr. Doherty's supervision, the summer field crew is currently bulk sampling the trenches where the main segment of the mineralized trend is known to occur based on previous work. Upon completion of the fieldwork this season at the Kalzas property, the company plans to digitize all historic data in preparation for the geostatistical analysis. The company will begin camp building for the 2008 field season and identify drill targets for the 2008 field season. The qualified person responsible for review of the technical aspects of this release is Mr. Neugebauer, PEng, president and chief executive officer of the company.