Eschmun,
That's very rare. Many exploration companies don't mine anything. PEX really need to hurry up before zinc price starts to come down in 2 years time as Glencore and large miners ramp up production. Ask yourself if in 2 years time zinc is trading at 50% less (i.e. US$1500/t) than you finally got finance (debt) to build a mine, than what to do?
T1 - they wasted 1 year without drill a hole, PFS probably will delay for 1 year. So that's 2 years of delay. Than you need finance and build mine (another few years of delay the way he is going). Rob doesn't realise it is a race against other zinc companies and time.
Eschmun, That's very rare. Many exploration companies don't mine...
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