Another green day for mostWe have been sitting on the bench these last two days. Hopefully on this friday we go out there and hit a few.
I still cannot wrap my head around the short count that is still above 3 million I think.
If CRE today (fully permitted and low risk) is that much of a good deal why are new buyers not on a feeding frenzy ?
Is the short term (less than three months) possible gains with CRE less than FL and PMET ????
PMET has a bunch of holes and surface grab samples. Thats all. No permit. no NPV, no PEA or FS, no metallurgy done. And half of their holes are under a large lake. It will take 20 years for the environment agencies to issue a permit in that situation.
There has been about 25 to 30 million shares traded since October 25th that in my view are related to the permit news.
Volumes are tapering down now and I am hoping that there will be less cheap shares available soon.
We need some kind of news or rumor that informs investors that financing negociations are almost done and are REALLY looking good. Without naming anyone, they can talk about the TYPE of partners they are talking with. Also more talk about money would help a lot.
Just go out there and say that all our past communications were verrrrrrry conservative but in reality. in todays market our NPV could easily be double and whatever loan we make for the build will be paid off within the first year of production. Our IRR over 100% !!!