Future of PLSI expect we will have the 43-101 before Christmas and it will show pounds in the ground over 50 million, and could be in the 70 million range. This deposit is much larger than the others compared with it on this board and there is much more drilling to do in order the discover it's final size. The value per pound being thrown around is not enough to account for the much higher profit from a shallow open pit operation.
I expect we will continue to see trading like last week with movement caused by traders picking up a few pennies if they feel they can risk trading to get it. Many including me ,have stopped trading as it is no longer worth the risk. A halt could happen anytime and it does not need to be before the market opens. Too risky for me.
The stock price will move depending on which side of 50 million the 43-101 comes out with. I think management is not expecting a buyout offer before winter drilling starts. Any buyer may wait to see what the winter program produces as they would to do this drilling themselves anyway. I hope FUC drills the main deposit first ,until they end up with the final size. This could result in a sale and the company then can proceed with the exploration program without any more fund raising and dilution.
End result should be very profitable for those who hold on !!