I accept your apology elect and thank you for it; but you have me mixed up with someone else. I am not so much bullish on PFN as I am on PGM (that's a joke - couldn't resist) and the Sudbury area play. I actually own pretty much equal amounts of most of the players in the area. PFN, AQI, ITF, FGR.a, MMIN and even FWR, GLB and LAM. The last time I bought PFN I actually paid $1.40 (right before it's last move).
Let's look at the PGM's. Last week these were the reports: 1) the Russians were having to borrow PD to sell it forward, lease rates are sky high, Zurich had virtually no metal at all, when Russia shipped 1 million oz of PD they wouldn't sell it, they would only loan it. The Japanese are just buying everything in sight; and demand rose last year and is anticipated to rise this year at over 20% per year, not counting speculation!
Where can you get more PGM's elect. And where is there better possibilities than Sudbury; and the mkt is saying this is right. The mkt is paying no atention to Altoro at all, or ARQ (anorac, or however you spell that <g>) or really any of the other juniors. The mkt's not really even paying much attentio to PD. But the mkt likes Sudbury, in general and PFN in particular.
So you have a unique situation where you have tremendous demand compunded by increaing speculation (read Japan); and no production and no place to get production.
And last you tell me where in the entire world is there a better place to look for new quick supplies of PGM's then Sudbury? That is a question to you or anyone. The mkt has said so far, Sudbury is the play.
I am probably wrong in some of this diatribe <g>, but if I am, I invite anyone to let us all know because I would love to know where my knowledge is incorrect. If I am wrong about something it is real painless to just change my mind <g>.
PFN, to me is just one player and I and the mkt likes them so far, but hell elect I remember Nuinsco, but I also remember snip. |
