tyke is wondering not about options on metals stocks, but about some way of quantifying the options value of the stocks themselves, with the underlying being the price of metals [or perhaps more accurately - the difference between all-up costs and the price of metals?] ... this is how most of us regard them of course, but getting nice neat numbers out of it is going to be difficult i think, there are lots of complicating factors ... tyke started with the idea here - #reply-15838359 ... looks like he got some good advice this morning, 'ask J.P. and h.b.' - #reply-15859464
I've panned gold, never had a claim though, just a prospector's license ... only wild success i ever had, about a tenth of an ounce for maybe twenty hours work [and this was before Nixon when the 'PoG' was 35US/oz] turned out to be ... um, on somebody else's claim ... didn't know till i got back to town -g- .... i've built a lot of road since then, and been around roadbuilding a lot, quite often used to take the pans and play around ... not much luck, never worked at it really, it's just a pleasant thing to do outdoors in the summer.
Pan-Am and Corner Bay are both canadian companies -
ca.finance.yahoo.com
... Corner Bay hasn't yet filed a 20F on edgar and sought a co-listing in the US, they do plan to do so 'sometime this year' last i heard .... they're both quality companies with people who get respect in the business, and both provide considerable leverage to the PoAg ... paas is more recognised [US listing helps a lot there, also they've been around longer] so there's my excuse why it moves earlier -g- ..... nothing wrong with it at all imho ... i do tend to think that bay.to provides greater leverage to PoAg, it's 'cleaner' in that it is a single property with a humongous and highly economic resource - the high-grade low-strip portion to start should handily pay off mine construction capex ... it is a take-over target, and as such its shareprice could stay relatively sleepy until The Day the first offer comes in, but it should respond to improvement in PoAg in the meantime, likely in a more spurty fashion than paa.to/paas.naz ... here's some links on bay.to - #reply-15200809
Nothing whatsoever wrong with Pan-Am though ... it's good to see interest in this incredibly beaten-up sector coming from tech players .... like most canadians, i cut my speculation teeth on resource juniors, and it's where i'm most at home, never really felt i understood a tech business plan ... of course speculation is speculation, and the same basic principles apply .... cheers |
