Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

PMU--"The results of the Phase 2 reverse circulation program are generally lower grade and less continuous than hoped, and do not, in the Company's opinion, warrant further work expenditures at this time. As a result, Pacific Rim has elected to terminate its option on the La Calera gold project."

Any reason for those of us holding PMU to be concerned about overall prospects or is this ordinary business?
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Hi Cat,
That's hard to say, and I can't speak for other PMU holders, but I was expecting dramatically better results from their La Calera project per their phase 1 indications. Since phase 2 turned out to be a dud, I saw no reason to hang in there any longer and dumped my entire position this morning.

They have other projects, of course, but my confidence in them is decidedly less than it was yesterday.

#msg-4276517