PEX 4.17% 11.5¢ peel mining limited

36c Rights Issue, page-26

  1. 936 Posts.
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    VXR has re-cut the same study numerous times over the last 10 years and it is still a piece of low grade crap....I know because 10 years ago I lost $200k on the hope they were going to develop the project then....it is a lifestyle company......check the last 10 years of capital raising and how nil has been done on moving them foward for 10 years.....onky reason their shareprice has moved north was their proximity to the Pilbara watermelon gold nuggets fantasy...if you are implying it has greater value than PEX then I am guessing I have dusted another $500k on PEX.


    Never read such crap that an asset has no value until a feasibility study is completed.....how do you think companies place a value on exploration assets they want to buy if they have no value?



 
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