PEX 0.00% 11.5¢ peel mining limited

Hi Traydewyns Been a stalwart investor for a long term high...

  1. 1,739 Posts.
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    Hi Traydewyns

    Been a stalwart investor for a long term high percentage reward strategy with much respect
    for Rob and the Peel management team and their very clever technical staff.

    There's been no ducking and diving or variation to the aim goal and desire to make Peel succeed and fortunately they have (but almost missed it) in the initial drilling.. albeit Mallee Bull Cu discoveries since then proved up well with great results at nearer surface at T1 with very high grade Zn Pd and good Au.

    All above is very exciting and the two potentially huge projects at Wirlong (high grade Cu over long strike and depth) and Wagga Tank (where to some surprise Rob found much higher grade Zinc and Gold) these being located concurrently but in two distinct styles of very well mineralised zones..
    Rob always said his goal is to prove up at least three great mineable deposits (which now appears quite well on track) and the market has embraced the opportunities with St Barbara and other corporates taking much more than just a fleeting or passing interest!!
    Spare money, sure you can park it in the bank at 1-3% but I'd rather (after tax) see a 200% plus return, given we've seen .73c before, at a time when we weren't anywhere near as successful, with a likely mine, and several other projects not yet fully drilled, but with world class outstanding grades of Cu Pb Zn and very acceptable Gold to spare!!
    My enthusiasm is built on these fine results and Rob has remained genuine straight talking and very hard working i.e. to reward all the large and small shareholders, including himself as a major and very ambitious investor too...
    Hope this helps.
    Sarg
 
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