They have a $10billion++ nickel project with a BHP offtake agreement signed.
They have their bellery springs ironore project with FE 60% samples with the project only some 2-4km from RIO Tinto Paraburdoo railway line. Just waiting on the drilling to start
Their Cockatoo ironore royalty with Portman is basically funding admin and opps costs.
only 12 days into february and we have done the same volume as the entire month of january. We have had a large buyer scooping up everything to 27cents, giving this stock solid support.
Now I know we have been waiting a while for the MPSA which is the company maker for PEL, but the buying over the last few weeks and non existant sellers points to this news is imminent.
People if you don't have PEL / PELOA on your watch list GET IT ON. Peloa would have to be the better buy point with such a small premium for 3times the upside return.
PEL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held