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Prospector Metals Corp V.PPP

Alternate Symbol(s):  PMCOF

Prospector Metals Corp. is a Canada-based company, which is focused on district scale, early-stage exploration of gold and base metal prospects. Its projects include Devon, Whitton, Savant, Toogood, and Mike Lake. It has a 100% interest in the Devon Project, which covers over 12,200 hectares (ha) and lies on the Archean craton margin, covered by a sulfide-bearing sedimentary basin, Ontario. It holds a 70% interest in the Savant project and covers over 22,900 ha and is located 240 kilometers (km) northwest of Thunder Bay, Ontario. The Whitton project is located within 20 km of Impala’s operating Lac des Iles platinum-palladium-nickel-copper mine. It holds a 100% interest in the Toogood project and covers over 11,825 ha, located on New World Island, approximately 65 km north of Gander, Newfoundland. Its Mike Lake property encompasses over 4,757 ha within the prolific Tintina Gold Belt, and is located approximately 80 km from Dawson City, Yukon Territory.


TSXV:PPP - Post by User

Bullboard Posts
Comment by bestguesstooon Sep 21, 2012 2:31am
366 Views
Post# 20394185

RE: RE: RE: Overreaction

RE: RE: RE: Overreaction

I believe you guys might be correct.  The share price might just continue downward for awhile.  Nothing new is likely to be forthcoming so the traders are making their moves for now.  The traders always say, "Buy on mystery, sell on history".  Is it the traders we hear talking now trying to frighten us into selling and driving down the price?

ECC has lots of money in their treasury, won't have to dilute the share issue with financings, has proven management (Pediment Explorations), has drill results that are not spectacular but solid, has lots of surface indications that look good and are similar to those found at Kaminuk and others, is taking a methodical and proven approach to exploration that will likely take a few years and require some patience on the part of shareholders.   It's still early in this play.  I'm willing to wait. 

Of course, this winter one might be able to pick up some shares at a good price.  I know that I'm going to keep my eyes open for a bargain, if it should develop.  JMO

BGT

Bullboard Posts