PEX 4.17% 11.5¢ peel mining limited

Ann: Southern Nights Returns Stunning Drill Intercept, page-149

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  1. 4,168 Posts.
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    As i said the other day Sarg, i think if they can prove up the high grade lens to be something of substantial tonnage OR discover another or further high grade areas then that will be the catalyst to re-rate.


    Its funny how the market will only stand up & pay attention to headline numbers. Even though significant tonnage with really good grades had already been discovered. 


    Its like with a real estate mate of mine. He sells 1 & 2 bedroom apartments as fast as if he were giving away free beer on a hot day. Yet rarely achieves any mention in the media. His former business partner who decided to concentrate on the luxury end regularly gets mentioned for the record price's he achieves. But once you do the math you quickly realise that the guy selling the high end only makes about a 3rd of what my mate does. Its all about volume.

    Last edited by Nijiman: 26/11/18
 
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