PEX 0.00% 11.5¢ peel mining limited

There are quite a few issues I see. The major issue is the CR...

  1. 11 Posts.
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    There are quite a few issues I see. The major issue is the CR and its affect on the share price (now heading south). Why the hell would you discount the CR price? The market is obviously going to come back to that price. Cash burn is another matter and are we getting value for money? I noticed in the recent release another deviating drill hole. Have we got the right technical people on the ground? Why the hell should be raise $3.3 million just to purchase the MMG 2% royalty? We still dont have a resource at Wagga Tank. That $3.3 million is better spent on resource drilling with sound technical and drilling people on the ground. Another issue is Mallee Bull and wanting to bring it into production. We should be looking at Wagga Tank-Southern Nights first as this is so metal rich with emphasis on Zn-Pb-Ag. The Mallee Bull T1 lens may not sustain a longer term profit generating operation. We see the share price issues omce again (heading south). How many times has this happened now over the history of PEX?
 
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