GREY:STACF - Post by User
Post by
jimmymacon Dec 14, 2006 7:53pm
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Post# 11871028
A neat comparison
A neat comparisonNow get this:
In November Lundin Mining (LMC), trades in U.S. market, paid $125 million USF for a 49% interest in a lead-zinc deposit with a slightly lower grade, and one-third of the tonnage that Pacifica has. This might indicate a current value for PSM based on their fully diluted cap'n., of at least $6 Cdn.funds.
Now here is the clincher- This mineralized body is in Russia, of all gawdawful places to do business!
No, the upward adjustment is coming, and when it does, you'll kick yourself if you're not a hair shoulder. Be there.