Art... PAX.v. I just couldn't resist such a big deposit. They are shopping for a big partner now. They want to sell maybe 10% like Northern Dynasty did. Gives them credibility but still gives them the upside for all the work they did to bring the deposit this far. Also helps with financing.
They did the recent resource/feasibility study with a trucking component. I think this is to show that even if BC and Alaska can't agree/finance the rail line, they can survive without it. They also need the reserves built up so there is no question that the mine will last 25 years so a third party will build the coal fired power generation plant for them.
Lots of contingencies that a big partner with unquestioned ability to finance would solve.
Sooner or later having the world's biggest zinc mine will become irrestible to Teck or BHP or CVRD.
PAX.v is definitely a long term hold to get value. The value of the zinc in the ground is so much bigger than Pax's market cap, it isn't funny. If you use the Pax market cap and divide by the pounds of zinc, you get something like $.001market cap for each pound of zinc in situ. So there is lots of room for upside. It wouldn't surprise me if the project gets delayed beyond 2012 because there are so many issues that need to be addressed. I put a few thousand in it and I hope to leave it there and wake up someday and find it's multiplied several times over. Not a quick payback unless they sell out soon. Actually that isn't what I want because they could get bought out for a song right now. So pray for full development and Pax retaining some significant minority. Bobwins
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
