With PMI facing upwards of 750 million shares o/s - ouch!!!!!... And no flow....I'm quite surprised its trades so high.... I would suggest it is very over valued at this price....05.to .07 cents may be fair value for an exploration play such as this.it also appears always heavy and large offers out there that never seem to disappear .... Looks like some majors want out at 14 and 15 cents. Where is the next equity offering ??? .10 cents???.... It just may happen...then you will have day traders all over it.
Way too many shares outstanding for me to take this explorer seriously .... Major restructuring needed.