At this point I really think John is off his rocker!!

My credit card has better terms than that!!! LOL!!!LOL!!!

And with a capex of a Billion plus; $7Million is squat! I guess it's better for them to go to a loan shark than to do a PP at these levels. To bad Ulaan Ovoo isn't shipping enough coal at a profit to keep their head above water.

In the end NKL has a mountain of PGMs in Canada and I have no doubt that we will see new highs in 2012 and that will also help out PCY...

It would be funny if after NKLs PEA comes out, John started to think that if NKL and PCY merged the new company ... the old PCY in a nutshell... would have a market cap that would allow them to do an IPO in HK and not need to use anymore loan sharks.