Good point!! What was uneconomic in 2000 and 2002, given its remoteness, becomes economic in 2008, thanks to today's higher PM prices. think back how cheap gold was then, and platinum...
I am truly struck by the scale of the APP. In one case, where PDL was talking about the smaller deposit that they might mine first, they said they had a 20 kilometer strike length of promising material. Even now, after three companies have spent tens of millions of dollars, most of the prospects contained within this APP are still undrilled.
By the way, I sold some PDL warrants into strength this morning, while keeping a core position in warrants and keeping all the stock i have bought. I plan to get all those warrants back, and more, at 1.80 or less. They are going to be a great trader for me, since they are on the amex and are quite liquid. |
