PLAYFAIR MINING - PLY . V Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PLAYFAIR MINING - PLY . V

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claude Cormier who wrote (300)	8/18/2001 6:52:20 PM
From: russwinter	Read Replies (1) of 505

I think the primary issue is the complete collapse of base metal prices recently, especially zinc. PLY probably needs to focus on maintaining this prospect and not worry about JVing (unlikely given the economic hurdle for almost all deposits now) or drilling much themselves. Under Mexico's use or lose it mining law the exploration tax schedule is 1.73 PP (US 17 cents) per hectare in year one, then jumps to 5.15 (52 cents) in years 2-4. Costs go to 10.79 (1.08) in years 5-6 (2004-2005). Minimum work expenditures for 50,000 + hectares are a very high 50 NP ($5)/hectare in years 2-4. PLY staked a million hectares in March, 1999. Anybody have the current claim size? Clearly if PLY is going to hold (the objective, IMO) the concession for better days, the most prospective ground only should be maintained and the rest released. That would seem to be the primary goal. Meanwhile market cap is barely over US 1 million ( a bargain for a prospect of this quality), so a home run on an aggressive program is not really required. Raising more than token amounts in a PP would be overly dilutive at 20 cents.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next