Been buying bits and pieces on the downslope of large dips since 2nd week of May...this has been on my radar for many years now. If it slips 10% below .50 I'm out...and will watch again for other buying opportunities. Not many shares I have to say...just a few. If that does occur...I'll watch this drop even further see how this plays out. It's been in developmental stage for many many years. I've spoken with the key players several times a long time ago. Glad that I didn't buy in when it was $1.50 5 years ago. It just trades on the street no revenues...it's an absolute huge silver and copper basin with amazing potential. It's located in amazingly gorgeous pristine area. I know the mountains very well and have climbed, fished and spent alot of time in that area since 1990. That's one of the problems with this company and Montanores location...it's overly sensitive to the US Forest Service and other Govt Agencies for permitting and regs. Grizzly bears and native Golden Cut Throat trout are just some of the wildlife in that area. The water run off and the tailings are an issue...for eventually it drains South into the massive pristine Pon River (slang for locals) which empties into one of the deepest lakes in America where they have protected Bull Trout. I know this for a fact. I avoided buying years ago because I didn't like the price and they haven't been moving forward with progress that would show me ok we're on the right track to invest long term to their stock. I thought their stock was WAY overvalued based on what I stated up above here. It's a massive silver discovery...question is can and will they ever be able to develop it? That's why I was smart and watched this over time collapse in PPS I knew it had to eventually. When you look at Hecla biggest silver miner in world and their Lucky Friday and it's prolific silver mining and it was trading for under $6. How can you justify paying $1.50 to $3.00 for a stock and company that was years if EVER from ever being able to develop it and open the shafts up and ACTUALLY mine it? I don't know how this small Spokane company has managed to hold on after all these years without opening that mine. The PPS kind of reflects their slide...we'll see what happens. I could see this going further down as time goes by with no serious forward progress. Not so sure that's a positive sign Glenn stepped down and his son stepped in recently this past year and is taking a huge salary of over $230,000+ perks...and they haven't mined one ounce of Silver let alone made enough progress to open it. This could easily slide down a slippery slope. It could also be a huge play down the road we're talking years here. But, like I said if this slips below 10% below .50 I'm out! But, if that were to occur I will not come back to this until I am satisfied the pps has truly bottomed out. My thoughts are this could be sold to a JV or forge a JV partner-merge possibility with a Canadian company down the road. That's been happening in the area lately for smaller companies and mines last few years. When it does or anything happens I'll go deep.
