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PMH - Pacmag Metals

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Just sitting around 48c now. I'm hoping for 50c+ by close of play.

Been a good day, lets hope Copper goes up overnight!
 
Realist,

Copper price is still bullish for this year ... deficit end of this year reducing in 2007 when project expansions / supply will become more evident and try to catch up demand, so prices are expected to soften mid/late 2007, averaging around US$6500/t in 2007. Price is expected to rise again (my estimate of further 300 dollars) this year to around 7700/t as conc. stocks are low and China has a huge apetite so will see further draw down in stocks.
 
Speedbird675 said:
Realist,

Copper price is still bullish for this year ... deficit end of this year reducing in 2007 when project expansions / supply will become more evident and try to catch up demand, so prices are expected to soften mid/late 2007, averaging around US$6500/t in 2007. Price is expected to rise again (my estimate of further 300 dollars) this year to around 7700/t as conc. stocks are low and China has a huge apetite so will see further draw down in stocks.
Click to expand...

Welcome Speedbird675 to ASF,

And thanks for your take on Copper and it's direction.

Cheers
SevenFX
 
Speedbird675 said:
Thanks SevenFX,

You reckon SP is going to go above the 50c mark again today ?
Click to expand...


Yes!

Who cares though really, hold this one for a while!
 
Techies have somethig to work with now on this one.
47.5c held once again,resistance 49c,gotta get through this before reaching todays high.

Still think this is highly speculative.
Often see the high retested only to see it drift into oblivion.
I wouldnt get excited until the 56c high gets taken out if it ever does.
 

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Trading has dried up completely.

I think everyone's taking lunch!

So I am too. :)

MMmmm Ham, cheese and tomato bread rolls, orange juice.

I need to fill my stomach preparing for the PMH eagle to soar this avo!
 
Hi Tech-A.

We all know this one is highly speculative. I got into it because IMO in can go to $2 in quick time. Could go down though..thats where you do your research and you take the punt on these speculative stocks. The whole part of 33 Billion in the ground is the attractive part..then they have all existing infrastucture available to them..a prime location if they needed to develop a mine.

Add on that they will increase their resource and are drilling new high grade targets.

A lot of people believe its too deep..grades are too low..etc etc etc. Everyone seems to focus on the negatives but not the positives. This one has a lot of positives. It should drive up the SP. Thats what I'm hoping for anyway :)
 
Realist said:
Trading has dried up completely.

I think everyone's taking lunch!

So I am too. :)

MMmmm Ham, cheese and tomato bread rolls, orange juice.

I need to fill my stomach preparing for the PMH eagle to soar this avo!
Click to expand...

lol lunch should be over soon :) and maybe we'll see some action on this soon.
 
Certainly possible there's potential in this company.

Unless you believe copper prices will stay at current levels and above for the next twenty years, I doubt that most of Anne Mason will ever be mined, but there is the potential that they will find some parts that have significant and economical high grade zones.

If those zones were only 10% of the current total size of the resource it would still equate to $2.5 billion worth of inground copper at current prices.

They say there is a largely undrilled area that showed intersects of 10% Cu in historical drilling so the potential to find some high grade pockets is still there - though I suspect that historical intersect is narrow (they haven't said what its width was).

In their other exploration activities, the blue rose copper prospect (40m intersects of >1% from surface), and their uranium prospects (>2% u308 in rock chip samples) also look like quality prospects with reasonable potential for turning up something.

So even if you write off most of Anne Mason as unecomonical, this stock is still probably a spec with a fair bit of potential, though at 50c (approx $80m mkt cap if I've done my numbers properly?) its expensive for a pure spec buy.
 
Market cap is still under 50 million I thought? If the market cap goes to 80 million I might sell. That would be a good profit.
 
chris1983 said:
Market cap is still under 50 million I thought? If the market cap goes to 80 million I might sell. That would be a good profit.
Click to expand...

how much is the sp value if the market cap goes to 80 mil ?
$1.25 ? and when it reach this, it will goes up and up again just like cdu.
 
Theres 101 million shares on issue atm. I dont know the fully diluted value of the company.

But yeah at 80 cents the market cap would only be 80 million. I'm just going to sit on these for awhile. See what they do.
 
hm.. 80c need to hike another 70% of current sp..
still long way to go.. unless we have another encouraging news of high grade.
well, just wait and see. anything can happen :p:
 
johnmwu3 said:
Is that sum (101million) including the option?
CDU market cap. is more than 200 million.
Click to expand...

Their market cap is pretty much 47 million.

They have just under 14 million options on issue that are currently trading at 7 cents. The exercise price for these are 60 cents though. So people buying the oppies obviously believe they are going to go above 60.

The expiry date for the options is on the 30/11/2006.
 
powerkoala said:
hm.. 80c need to hike another 70% of current sp..
still long way to go.. unless we have another encouraging news of high grade.
well, just wait and see. anything can happen :p:
Click to expand...

I can tell you right now for the future they will release a message similar too. "Ann Mason deposit has 40 billion in ground value". Thats what I think. Then you'll have all the stupid day traders jumping in again. Atleast it will drive the price up. They have a lot more area to be drilled and gaps to be filled.

Or another message such as

"High grade Copper intersected blah blah blah"

As long as Copper prices hold firm for awhile they look good.

Just with the hype they will go further.
 

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