InvestorsHub Logo
Followers 0
Posts 792
Boards Moderated 0
Alias Born 03/14/2016

Re: E-bo 904 post# 6838

Thursday, 06/08/2017 7:21:32 AM

Thursday, June 08, 2017 7:21:32 AM

Post# of 12822
Again--I don't see any scenario where PLM does not sell after obtaining permits. Have there been any JR mining companies that have taken on a project of this magnitude and continued on through production? I can't give my source or why I feel this way but it is far more than a simpleton's opinion.

When you look at what this stock might be worth, I feel you have to look at it from an acquisition/takeover scenario and I have not been able to find any similar cases in recent history in the US. To try and speculate what PLM's stock might be worth 4-5 years into mining is, to me, wasted time because they will be looking for the next venture and will be gone from the Northmet project.

Could I be wrong---very possibly--and I wish I was--but at the end of the day, isn't this what investors in jr's hope for--a takeover/buyout? Granted, we'd all hope the PPS was a bit higher given the value of the project but again, I'd hope for 2.50-3.00 PPS at buyout--cash. God, I hope you and CONNSM are correct and its worth what you guys think, but I am completely grounded here and after watching the delays, dilution, and increasing costs of everything its hard to think this thing is some sort of moon shot.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent PLM News