While we're talking about differing opinions, here's my 2 1/2 cents
While I agree that the current and increasing price of gold has perhaps brought more eyes to the gold exploration sector (maybe), I sincerely doubt that the daily and monthly fluctuations in the POG has anything to do with PLexmar's current SP.
Is it possible that the interest (save perhaps for the "cult" culture of this forum) in gold exploration in general and plexmar in particular are a result of the desire/wanting of the next big discovery, the other fundamentals of gold notwithstanding
This is what people are anticipating with plexmar once an accord is reached ... From NR dated Oct 31, 2006...
"The 2,100 line-km survey over the 220 km2 Bolsa del Diablo project.
Within the core Bolsa Del Diablo area, on the Angolos concession, a large magnetic and potassic anomaly, measuring approximately 2.5km x 2.8km, is spatially coincident with the mapped altered intrusive body located within a larger alteration package hosting the vein type gold mineralization being mined by the artisans."
I will suggest that the interest in PLE is the unanswered question of what is in that kilometric anomoly that, even if extremely low grade, could yield billions of dollars worth of gold!! ... Yanacocha II perhaps?
One would think that with anticipation like that the POG is irrelevant wrt the current share price of PLE. In other words people who are interested in Plexmar at this point are really not too concerned with the price of gold in as far as it trades today. This does beg the question though that if the POG was $400, $700 or $900 would some people be less likely to jump in prior to an accord?
IMO I doubt it, some people are in because it has the potential to be the next or THE greatest thing while those who are more discretionary (perhaps the "SMART" ones) are waiting for an accord.
A junior is a junior. If there is huge upside there will be people lining up no matter what the price of the underlying commodity. Then there's the "commodity du jour" factor and IMO gold isn't even there yet ... people are still stuck on REEs and the Ring of Fire.
in addition, gold juniors in general are not anywhere near the valuations they were 2 years ago, with a few exceptions when there is a discovery on it's way to production (OSK etc). Even the newer plays that are hitting good results are way off their highs of Sept/oct (MTB, DEC, UW, EVG, etc) ... and the POG keeps rising.
So then I ask where is the correlation? All I can see/feel is more eyes on the sidelines waiting for something to happen.
