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Message: A point or two to ponder in this heated PM market

Lightning_20__20tornado
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A point or two to ponder in this heated PM market

posted on Feb 26, 11 05:30PM

The other day a friend of mine pointed out the upward direction on price graphs of several juniors in the PM sector, they virtually matched each other. Yes you guessed it, except Plexmar which looked like the cardiograph of a patient on his last breath. The market fortunately is not right all the time, allowing smartmoney to buy at a discount.

Plexmar unlike most junior PM's is now a producer, with the prospect of exploration on highly prospective concessions just around the corner. An inverted pyramid in the exploration, development and production phases, which takes much of the risk out at these valuations. Yes you get value, without the hype factor of an exploration play at this stage anyways.

I believe in diversity no matter how great an investment may seem, although I also believe in limiting your investments, never spread yourself thin and know your investment inside out.

I can absolutely understand the frustration when investors see the almost dead man cardio after 5 years. The beauty is that a vibrant life currently exsists within that corpse, except the cardiogram is misleading the spectators. Identifying discounted value is the name of the game.

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