I hope they get the heap leach working but when?
I know, I know, don't be in such a rush. This is a multi-year investment. And yes this is the second year I have owned it, I just selective of the years I own it.
It would be great if we had a balanced board but that is not happening. Instead, people take extreme views and only push their view harder when the other side tries to stretch things in their direction. Sad but true, that's the world we live in for the most part.
I have no clue how this is going to play out. We need a few more clues to make any good guesses.
If I look at PTQ's past financial's and remove the investment gains and just look at the operational gains, PTQ is pretty fairly valued here. If PTQ gets the ball mill and heap leach working and starts bringing in Spanish ore like they said they would by year end, this is due for a big uptick in share price. They need the debt financing (do dilution please) to make things happen this year, or at least a nice chunk of change from selling something to Inmet. The timelines will stretch-out if they just try to pay for things out of earnings.
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
