posted
Pacific Minerals started trading in September Went from ~ $1.50 to $5.00, and after that fast run up, dropped to $3.00. Has stabilized and is edging upward. You could play this for a quick 40% gain ($3 to $5) or you could hold it for the long term. Companies doing business in China have been doing gangbusters. I would think that it will easily go back to $5 and then keep on trucking because there is a lot of gold to truck out in them thar Chinese hills. Not to make a mountain out of a mohill, but they have acquired 900 sq Km of land in the Liaoning Province which is a continuation of the areas being explored by Pacific Minerals and Ivanhoe mines in the neighboring Yunnan Province. PMZ has a joint venture with a Chinese company. PMZ has a 75% stake. They are exploring for gold, silver, platinum and base metals such as copper. I think that people will like what they see and want to get early, and once they start making announcements on what they are finding, the stock will really take off. Remember, we are in the EARLY EARLY STAGES OF A GOLD/SILVER/ PLATINUM BULL MARKET THAT FROM WHAT I CAN SEE WILL LAST FOR YEARS. AND STOCKS CLIMB HIGHER THAT THE METALS.
Posts: 580 | Registered: Oct 2003
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