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Re: mjkiii post# 15064

Saturday, 05/26/2012 12:41:33 AM

Saturday, May 26, 2012 12:41:33 AM

Post# of 26631
MJ, I did read the PR and the revised 43-101. However, I think we have different perspectives when reading them.

I try to read it as a new investor would. New investors are needed to keep raising the share price. I think potential mew investors or even recently new investors that have not read the revised report will read the PR and stop there. They will not see the information they want to see or need to see to motivate them the same way as they would if they saw a PR that quoted a 43-101 that had reserves and a documented plan of development.

The SRK work is noted in the revised report for it's historical relevance but it cannot be used in the 43-101 officially because of the additional drilling required first to show economic feasibility (of which I certainly do not dispute if we accepted the SRK data at face value). And sure the first 8 years of open pit is probably the way it will be developed but the PR was not allowed to say that.

The point I am making is that what the PR is allowed to say because of the limitations of what the revised report can say will keep some investors away until they do see the additional drilling done and the resources updated. I believe the PR will have some affect come Monday. That's just my viewpoint.

And certainly LP is not the main reason for owning PTQ at this time.

I hope your fishing trip was successful and pleasant for you.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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