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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: karead who wrote (6590)2/15/2006 11:21:00 AM
From: jpthoma1  Read Replies (1) of 78416
 
Agree.

PAT is a "one project" company. No diversification effect.

So any good news on their joint-venture generates more fluctuation on PAT share price than on RIC share price.

If the net discounted cash flows from their joint-venture project doubles, PAT share price will double, but not RIC share price.

That's why I picked PAT long time ago.

JP
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