OTCPK:PGMFF - Post by User
Comment by
MineCanaryon Sep 08, 2021 10:56am
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Post# 33824635
RE:RE:RE:RE:RE:RE:RE:RE:RE:What A Laugh
RE:RE:RE:RE:RE:RE:RE:RE:RE:What A Laugh Don't be so quick to call everyone a fool for holding back. My last post painted this picture. The current AISC of ounces produced is too high and thus cannot support their mine development. There is a high cost to develop the ramp down to the 8 Zone and this will go on into 2023. So they had to take on debt to support further mine development.
I believe they will succeed but not anytime soon and could very well be bought out in 2022. As well the tax loss season is almost upon us and could place further down side pressure on the stock price.
My point is there is still time to get in, and I have learned that while grade is king, debt is also its enemy. The jury is still deliberating on PGM.