Pescott Followup
"As far as our comments yesterday on Amazon Mining, which still remains one of our more intriguing, personal stories after having been to Brazil, we get some re- sponse. First of all, VP of Amazon, Jed Richardson writes, “Calling this boring? We should have our first resource in the next little while. We will be working on more agreements with farming groups (shortly). Now we have the numbers that analysts need to start writing re- search. That’s not boring...this is where it starts getting interesting.”
When we revisit with John Kaiser, the man with the golden hand in mining so far in the last 12 months, he expects decent results from their scoping study and reit- erates his $5.00 to $10.00 target on the stock."