RE: RE: Fun Question?I've posted many times my VERY simpleton way of thinking...$2-$10!
Yes it was a long time ago, but lots of positive things have happenned since that, in a sense, is nice to see things have been stalled till now. PMU has become the perfect storm!
- Back then, there were 10 times more shares out.
- Back then the price per once of gold was half of what it is today.
- Back then the price was almost $5 with all of the above mentionned AND they weren't even close to putting a shovel in the ground. (there has been lots of headway in that respect over the years)
- Once they get their permit from GOES the shovel will hit the ground in short time. That means LOTS of profit over the estimated 6 year life of the mine. (if not more)
- They now have a second property that resembles El Dorado. So with the profits they can develop that one too. OR if they don't get the permit from GOES they will get a settlement that will help develop the other property without dilluting the shares we have now.
ETC...ETC...ETC...
So as you can see, my presumptions are not technical. They are what the mom and pop investors will see and react to. They are the ones that drove it up the first time. They will do it again but in greater force. This time the institutions will help it along to higher highs.
You'll see!