PEX 4.17% 11.5¢ peel mining limited

Assays Depth Extending, page-44

  1. 7,936 Posts.
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    The payables would be very poor for a mixed lead zinc DSO type product imo as for start it’s a mixed product and much lower grade than a good lead or zinc product, on top of that there is a more limited volume of buyers that want or could even take this product reducing price further.

    There is good demand for high grade high margin lead and zinc projects/concentrates, PEX should drill this out as best they can, grab a debt linked offtake or similar deal to help finance the mine. DSO is just noise.
 
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