Well let me debate you Bob in a very friendly way! First, remember you can never prove there is no PGM's you can only prove there is. I think it took them forty years of drilling to find the Lucky Friday - and that memory is so old it could be completly wrong <g); nevertheless, the fact that Inco, falconbridge, are producing and in the area, and others have pulled up all kinds of weird drill holes - e.g. Flags latest drill results, whatever those were <g>, PFN, grab samples etc - here is the point.
Whenever a metal moves, everything connected with that metal moves, including goat pasture. The way we used to play it was buy the majors first, then the junior producers, then the good exploration and then the goat pasture. In a raging bull mkt goat pasture really does well - lol.
People start speculatiing and things get real crazy. Lets say PT and PD go to $1,000 an oz - which could happen, people will start buying junk yards just to get the exhaust systems - lol. But the first place they are going to buy is a district where they know PGM's exist and we know they exist in Sudbury, most of us really don't know where else they do exist - I don't. A good example is the coeur de lene silver district. If silver where to suddenly go to $25 an oz every company in the coeur de lene silver district would go banana's. Any company that had any property anywhere near that district would increase in price - guaranteed - this is what I am betting on in Sudbury.
So, I am just betting that this move in PGMs will last a while, speculation will get going, prices will rise, I will sell and then I will get going and reinvest in tech stocks - lol. Anyway that's my plan - lol. We will seee how it works. I may be using my credit cards soon too - lol. |
