Replies to post #1138 on Value Microcaps Junior Miners

[cl001]

Pax is part of my strategy to buy beaten down zinc stocks. I took sizable positions in both pax and mmg recently. Zinafax took over this week gave me strong confident in pax.
Note Chinese new year is over and they are coming back next week, hopefully buying zinc.

[nutsaboutgolf2001]

Re PAX: I picked PAX as my 2007 single stock pick. Given that I assume it may take most of the year to do something useful (like go up). As with all these non producers, they tend to be event oriented, but one can never be sure what event will get them going. Look at FNX today, they have reported lots of drill results over the last few years, so today they report another find which may be large but is certainly not high grade and the stock pops two dollars, if it pops $2 on that news, it should have popped $20 on the footwall discovery which is far higher grade (go figure). I think the thing which will get PAX going is further results from under the low grade pits where the high grade deposits have recently been found. They need to prove up enough high grade stuff to make it economic even if zinc falls back to 70 cents or so.