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Re: mjkiii post# 20720

Thursday, 06/20/2013 9:20:10 AM

Thursday, June 20, 2013 9:20:10 AM

Post# of 26631
MJK, I'm certainly not dancing in the street but I'm also not covering my ears with my hands singing Kumbaya.

I am forced to be a long now because of market conditions, not being smart enough to realize how far the can can be kicked down the road and a long term belief that the debt levels will come back to bite our financial masters in the butt eventually (on this point I am wavering some, certainly on the timing).

I hope PDI can keep contributing and that PTQ management is smart enough to stretch out any high cost capital commitments (yes delay mining activities) in order to live to fight another day. Accelerating leach mining might be ok because it creates low cost production but I have not looked at cost of getting it underway.

Good luck all.

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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