Value Microcaps Junior Miners

[stock_peeker]

PCY: Gharma and Cork, excellent discussions on Prophecy Coal's real long-term potential if it can build the coal-fired power plant by Nov 2013 as they indicated. In order to begin building I assume they must execute power off-takes to support any loans they need to build the plant. Meanwhile the ownership of NKL shares gives them significant collateral for borrowing, but I have to assume they must execute the power off-takes to assure substantial future revenue streams before loans are approved and construction can begin.

My understanding is that PCY cannot outright sell their NKL shares until some time next year, but the value of their NKL shares can be used to provide significant collateral for necessary loans.