PMH - Pacmag Metals

[doctorj]

This thread is for the discussion of Pacmag, not anyone's profitability.

It's the ongoing disagreement over the ever changing value proposition that makes a market. Lets respect that here and realise that not everyone will agree or there'd be no trades at all.

Negative posters are welcome, if not encouraged in the same way that positive posters are. Everyone has a different opinion and provided they substantiate it we can all learn something.

These threads aren't for rampers (or downrampers), they're to discuss the fundamentals and technicals of a company and its chart.

Play the man and not the ball.

 

[cuttlefish]

Cuttlefish, no-one can make a good ascertation of the exact value of PMH.

They've yet to make a dime, this is not a case of fundamental analysis.

This is a case of would you buy into a $40M company that has after over 12 months of research recently discovered an inferred resource of $33B of copper in a good position in Nevada?

I answered YES!

I may lose money, it is a risk, but the simple fact that this company was worth $40M 5 months ago before it knew of this amazing news, I believe the market has under-reacted so far. So I bought quite a few shares, and I will not be swayed by initial market sentiment, however I will watch closey because I enjoy watching!

Please advise why you yourself who bought CQT, does not think PMH is a better investment - it is cheaper than CQT afterall and the resource is massively higher!

As usual you've failed to actually answer my rather simple and direct question - which would have been far more relevant to the thread.

You've bought PMH - what is your estimate of the cost of pulling that copper out of the ground. You claim to be an expert on fundamental analysis - surely the revenue being greater than the cost is a fairly important part of a stock being fundamentally sound to buy. So with PMH - tell me what your estimate is.

Thats all I'm interested in knowing. Not what a genius you are with your random flukes. How was the BHP buy at $27? How is CMI going - oh thats right you hold forever unless you can sell for a loss before tax time. I'm not interested in CQT or any other stock. Thats not what this thread is about.

Stick to PMH and tell me about your brilliant fundamental analysis of this stock.

And if its not possible to do a fundamental analysis, why are you gloating about your brilliant fundamental analysis in buying it. Its either one or the other.

 

[SevenFX]

This thread is for the discussion of Pacmag, not anyone's profitability.

It's the ongoing disagreement over the ever changing value proposition that makes a market. Lets respect that here and realise that not everyone will agree or there'd be no trades at all.

Negative posters are welcome, if not encouraged in the same way that positive posters are. Everyone has a different opinion and provided they substantiate it we can all learn something.

These threads aren't for rampers (or downrampers), they're to discuss the fundamentals and technicals of a company and its chart.

Play the man and not the ball.

I strongly agree, and think tis a shame to see flaming posts...

Negative posters = Bearish Posters
Positive posters = Buullish Posters Simple.

 

[chris1983]

I honestly think you guys should lay off Realist. He hasnt said anything wrong IMO.

Cuttlefish if you work out the costs..can you tell me so then I'll buy more if it works out to be profitable. If they knew the costs allready people would have a clearer view on the valuation on what price PMH should actually be. Then its not speculative anymore.

They have other prospects aswell. Their Olary project in South Australia may bring some good news.

 

[Realist]

As usual you've failed to actually answer my rather simple and direct question - which would have been far more relevant to the thread.

You've bought PMH - what is your estimate of the cost of pulling that copper out of the ground. You claim to be an expert on fundamental analysis - surely the revenue being greater than the cost is a fairly important part of a stock being fundamentally sound to buy. So with PMH - tell me what your estimate is.

Thats all I'm interested in knowing. Not what a genius you are with your random flukes. How was the BHP buy at $27? How is CMI going - oh thats right you hold forever unless you can sell for a loss before tax time. I'm not interested in CQT or any other stock. Thats not what this thread is about.

Stick to PMH and tell me about your brilliant fundamental analysis of this stock.

And if its not possible to do a fundamental analysis, why are you gloating about your brilliant fundamental analysis in buying it. Its either one or the other.

Cuttlefish, where do I ever say I did brilliant fundamental analysis on PMH?

I said it is not one for fundamental analysis as it has not even made a profit.

It is obvious that a company worth $40M that has $33B in copper is a good prospect though.

What on earth can you not understand about that simple equation?

How much do you think it will cost to "pull copper out of the ground" - I'm guessing $1B will do alot of "pulling" for alot of years mate - don't you?

 

[cuttlefish]

Chris1983 - There's plenty of stuff that can be incorporated at this early stage to try to get an idea of value of a resource if you're prepared to do your own research and numbers.

This isn't the first copper resource ever discovered - look at some feasability studies for other operating mines and you can get some ideas of costs etc.

Whether that information translates to anything to do with the short term share price of a stock is another matter.

Which is why having an understanding of some of the stuff Tech/A was talking about is also useful, even if you're mainly focused on fundamentals.

 

[chris1983]

Ok Guys,

The truth of the matter is we could debate this forever.

No one knows what the costs will be. No one knows whats going to happen to the price of Copper. This could double easily though. It has other prospects. They could put out good uranium results from their Olary Project

"Rock chip samples to 2.2% U3O8 at Olary"

So they arent only relying on Ann Mason. They have their Blue Rose copper project joint venture with Giralia that looks promising at the early stages.

Then they have high grade targets left to drill at Ann Mason and expect to increase the 33 biliion dollar resource. In your minds dont you think its a good speculative buy?

 

[Realist]

Then they have high grade targets left to drill at Ann Mason and expect to increase the 33 biliion dollar resource. In your minds dont you think its a good speculative buy?

Good question...

Well Cuttlefish, do you think its a good speculative buy?

 

[chris1983]

Chris1983 - There's plenty of stuff that can be incorporated at this early stage to try to get an idea of value of a resource if you're prepared to do your own research and numbers.

This isn't the first copper resource ever discovered - look at some feasability studies for other operating mines and you can get some ideas of costs etc.

Whether that information translates to anything to do with the short term share price of a stock is another matter.

Which is why having an understanding of some of the stuff Tech/A was talking about is also useful, even if you're mainly focused on fundamentals.

So in other words you have no idea which is why you havnt bought them. I dont know myself. I bought them for the spec play. Think I have said that many times. I have no worries with what Tech-A has said. I actually enjoy reading what he say's. We trade differently. I'll have my stoploss in place. I think this one will go further and the potential is there.

One good thing in regards to the costs of developing a mine there is the existing infrastucture. see below.

"PacMag management has obtained all the permits required to commence drilling, and the property is close to existing infrastructure, such as power and railway lines, a natural gas pipeline, and the town of Yerington, management pointed out in its ASX report."

Things can change. Copper prices can go down. I never said I would hold for the long term. They are looking good atm though.

 

[cuttlefish]

wow its interesting how things can be misinterpreted.

I said that at this early stage it is possible to do some rough numbers based on other mining projects. I've done my own on this one, I'm not about to divulge them here. I also didn't make any disclosure as to whether I held these or not.

I also know how to divide $1 billion by 800 million and how to work out the fully diluted market cap for a company.

 

[Realist]

wow its interesting how things can be misinterpreted.

I said that at this early stage it is possible to do some rough numbers based on other mining projects. I've done my own on this one, I'm not about to divulge them here. I also didn't make any disclosure as to whether I held these or not.

I also know how to divide $1 billion by 800 million and how to work out the fully diluted market cap for a company.

Haha, how convenient....

I suspect you did buy some hence the interest in this thread, but you learnt from CQT not to divulge here, cause you sold at 32 and it is now 45.

No shame in that though, everyone makes mistakes.

I at least put my balls on the block - if I make a mistake I want you guys to hammer me so I learn

 

[chris1983]

I'm sure you have done your number crunching cuttlefish

goodluck if your holding..or not holding

 

[Realist]

Copper down a tiny bit overnight, an no announcements yet.

 

[cuttlefish]

Haha, how convenient....

I suspect you did buy some hence the interest in this thread, but you learnt from CQT not to divulge here, cause you sold at 32 and it is now 45.

No shame in that though, everyone makes mistakes.

I at least put my balls on the block - if I make a mistake I want you guys to hammer me so I learn

If taking a profit is a making a mistake then I'm happy to make them.

Now lets put this to bed because we're off topic.

 

[chris1983]

Copper down a tiny bit overnight, an no announcements yet.

Realist.. Giralia said PMH intend to make an annoucement today. The words "intend" in their asx query. Meaning there is one coming soon. Just be patient.

 

[chris1983]

If taking a profit is a making a mistake then I'm happy to make them.

Now lets put this to bed because we're off topic.

No shame in taking profits. If you could do that on every trade your a good trader. Well time to get ready for work

 

[powerkoala]

There you go, Realist....
your waiting news has come
now we can relax and enjoy the ride :

 

[chris1983]

haha new high grade uranium zone. I havnt read the message but this message should fuel the fire.

 

[powerkoala]

now we will see, who is ramping ?
let the market decides where they want to go

 

[powerkoala]

wow...
look at those buyers...
seems they want to eat this sp alive... lol