TSXV:PEM.P - Post by User
Comment by
naggedon Apr 25, 2012 8:31pm
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Post# 19836735
RE: Mining sector feels cold splash of reality
RE: Mining sector feels cold splash of reality " if you cant raise money at the right price you've got nothing". i have been watching the o/s all along and to me the 150 million mark is the key. after that if you havnt got lots of cash, a major partner or something to sell or ready to mine your in for a world of hurt (early shareholders). of course thats my rule of thumb as most investors who are shrewder than me like co's like midas or pretium who are leagues ahead in discovery and 43101 terms. as this drags on it becomes more apparent to me that del and friends were about 2 years too late on this play, a real nice project but lousy timing. as i said a few monthes back , you won't recognize the junior space this time next year as it will be on care and maintenance indefinitly .jmhfo.