i think the pps will continue to go up on the back of buying by RIO. When they bought Ivanhoe Mines their last purchase of shares was around 28 bucks. Now TRQ is paying RIO the money they borrowed earlier last year. So what is the best investment RIO can make with this money it is to buy TRQ shares right now. They know better than anyone these shares will be worth 4-5 times more in two years.
I don't understand this stock, even though I bough little. They have no sales yet, no profit, I have no idea how to value 'copper in concentrate' and 'gold in concentrate' .. so I will just wait and hope. I bought around $4.11 before the rights offering, sold the rights, so if the stock hits now $4.11 I will be for sure in profit. Sounds good to me. I think for a major move we need some good news about an agreement with Mongolian government.