RE: 70% does not equal 70%The other bargain I like a ton out there is Sprott Moly T.MLY which is trading at BELOW $45 million cash in the bank of at Sept 30, ie. closed at $.87 yesterday. $.87 x 40m shares equal approx $35 million market cap. NO debt, retired about 4 or 5 million shares in the past two years and will continue to do so thereby leveraging to a much higher NAV per share by the day. Trading at less than 50% NAV!!! You get its huge leverage to jr moly portfolio - heck it is trading at almost what they paid for Inca Pacific 20m x $1.63 alone!!!!!! As well as millions of shares of Thompson Creek (raised a couple of hundred million at $24 in May today $3 something), Quadra (raised about $170 million in summer today $3 something), expanding producer Mercator ML, Roca, General Moly, etc etc. for Fricken FREE.
I've been at this for a looong time and my free advice is to look at PNP with a view to the future and buy more or sell, not the past! There are a ton of true bargains out there that WHEN the market turns you're going to kick yourself that the junk didn't move and you should have known the best stocks are going to recover big time. And they are not just in jrs.