Working toward a PEA is critical to shoe the economics are favorable for Pinon. If the resources looks expandable, and the economics are strong......this location will demand a premium price, no question.
If gold breaks out toward $1900+ again, then all bets are off.......
$3.00+ in 18-24 is possible, but probably not probable. $1.50+ in 12 months is in the realm of reality.
I am holding a Large chunk now, and may nibble more at these lower levels.
Van
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