Ann: Massive Sulphide Mineralisation Intersected in Drilling, page-16

Thanks Soarer, really appreciated

Not just PEX, I've done it so many times with different stocks I never comment on that's how I made several millions.

I waited for my opportunity to sneak in quietly. I'm also sneaking into several stocks I know I will make several folds. Even if this one gets to 2c-3c which is not to hard to do on good results, I'll be more than double or triple my money ie mathematically equivalent to CBA rocket to $200-$300 a share which is impossible to do.

At 0.8c you pretty much paying at the lowest price. They got that NSW project not by choice and have worked on it eg drill, PFS etc.

$10m market cap, $3m+ cash, EV value $7m... $3.5m value for Mt Carrigan ($20m of infrastructure, walk to ore body) and $3.5m for Red mountain (very high grade zinc on the surface, plenty upside potential).

IMHO they can easily sell or float their Red Mtn project on TSX-V for $30m (i.e. 3c cash backing) and use that cash to start mining their NSW project. Directors are just trying to increase JORC resources than decide what to do. Eventually they will need to sell one project much more than $10m.

Serious $3.5m for almost 13% zinc equivalent, near surface, 1.1 mt of zinc equivalent (zinc price is over US$3000 per ton).

I'm just quietly accumulating at 0.8c, really enjoy it.

Just IMHO.