Reply to Swimjam
in response to
by
posted on
Apr 23, 2010 10:50AM
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Swim,
You are right to challeng me. I have been inconsistent. I do belived that the PFS is very important and has the potential to move the share price. But I don't think it is as important as the DAR submission.
I'm certain that the PFS will cause a break out into the 30's but not certain it will go much higher. The break out could very well be in the week or two before the PFS release...
But I don't count on the share price approaching the 50cents (for $100 million market cap) or higher until this fall/winter when the DAR is submitted.
I'm as confused as you are, but remain consistent in the belief that the two items together make an important milestone in having great progress in the EA and in the economcis/ having RESERVes, such that we shoudl be valued with less risk, and valued on RESERVES.
But I'm at a loss to understand why the market does not value Tyhee higher already.
SO I want to temper expectations vis a vis the PFS, as it's only one of the one-two series of punches this year. A few analysts recommendations, coming after the PFS and aroudn the time of the DAR would be a third.
It'll be a good year once these things are done.
But I'm just one of many opinions, and have a lousy record for timing.
SKELEG