The A$1600/t seems a bit ambitious for 25 to 30% combined Lead and Zinc. Using current prices the lead/zinc would be worth around A$900/t before treatment charges and transport costs. Lets say around A$650/t.
Of course you have to add in payment for silver/gold and copper. However A$1600/tonne seems a bit of a stretch.
I am a big fan of PEX and news in the short term on Mallee Bull (cash flow) and continuing good assays from S Nights should give the stock price a lift.
If S Nights proves up to be a major deposit, which seems likely, St Barbara are a good chance to launch a takeover bid.
Would be surprised if PEX share price is not up a fair bit in 6th months time.
The A$1600/t seems a bit ambitious for 25 to 30% combined Lead...
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $11.65K | 97.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50192 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 100000 | 1 |
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| Last trade - 14.47pm 25/11/2024 (20 minute delay) ? |
| PEX (ASX) Chart |
