Precious Metal Exploration

Focused on exploration and advancement of mineral projects in Peru

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Message: Re: SP
SP

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Apr 28, 2009 12:09PM

Re: SP

in response to by
posted on Apr 28, 2009 03:30PM

In for 187,000 shares today via Scotia. Inhaled all TD's paper from 9.5 up to 12 cents. If I get hostile enough I will take out that block sitting there at .13 just to clean out the gomer-pile sitting on the ask, but there is obviously no hurry here.

I will now hang out on the bid and try and fish some more sellers out. I have sat back and watched this company since it was listed on the Venture, and decided now is the time to buy. They are sitting on an obviously economic copper/moly deposit, nevermind the silver property, and they are bent-over for cash while copper stockpiles are dropping, perfect candidate to be eaten by someone else. Probably not at a price those long in the tooth here will appreciate, but might wind up being a multi-bagger for those who are ballsy enough to bottom-feed and get the timing right.

I think they should option-out their silver/zinc/lead property and get down and dirty on that copper deposit. 718.1 metres of 1%+ Copper equivalent? That is one sick motherload of copper.

The market has thrown base metal stocks into the trash can, much blood has been spilled although the seniors are making a bit of a comeback. China has proven to be savvy, using their currency reserves to suck up resources in preparation for future growth.

Will this stock make new lows? Who knows. Is it worth more than a dime? Yes, much more. As the saying goes, the market can stay irrational longer than you can stay solvent.

Good luck to all longs, I will be back on the battlefield tomorrow, lol.







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