Welcome all new people.

It's tough to say why PCY was up so much. The coal has all ways been undervalued. I would have to guess that some people want exposure to NKL so they buy PCY as an a proxy knowing that they own 45%... BUT!!! you have to think that PCY has nearly 240,000,000 shares out so for me it's not a proxy for NKL.

PCY owns some 24M shares of NKL... So lets just say... That NKL goes to $15 a share. That would give PCY $360Million in the bank.. OK now divide that by the shares and you have $1.5 a share given NO VALUE to the coal... That has always been undervalued because Mongolia is land locked, ect. So while YES PCY WILL GO UP. But not that much by comparison to NKL.

But... Isn't it about time we get the permit for Chandgana?... Give or take a few months...