Vaughn, those are all good questions. Questions I've asked myself many times. I think HB's promotional talents are either overrated, or the best is yet to come (e.g. he's waiting for the right time). It's frustrating to see PFN trading so low when compared to CZZ. I haven't followed CZZ that closely, but I do think they've been treated rather generously by the investment community when compared to PFN. Having been in the market for many years, this isn't the first time I've seen this sort of thing. I think PFN's ability to bring their property to production, or get bought out, is significantly higher than CZZ's; based on what info is out there at this time. The same might be said when comparing several other PGM explorers, however, I notice the gap is closing.
PFN is hosting a dog & pony show this weekend for analysts, on site, at their RV property. They'll have a chance to talk to key exploration personnel (e.g. Scott Jobin-Bevans). After this year's drilling, which pretty much equals all past drilling efforts, they should be able to form a better picture of the geology, and hence the potential, of the property. At least I hope they do. If they give the thumbs up, I think/hope the gap between PFN and comparable Co's will narrow, if not flip/reverse.
I agree with your comment on the self serving nature of CC and Grandich. I just find CC's picks are of a better quality, based on personal experience. I realize this is therefore a very subjective statement.
Let's hope the analysts come back from their field trip salivating. It would sure be nice to see a PFN feeding frenzy. Something that's long overdue;)
Regards,
JT |
