Tradewyns What are you talking about? PEX is focus on Corbar...

Tradewyns

What are you talking about? PEX is focus on Corbar with multiple sites (T1/MB, Wirlong and Wagga Tank) and offloading Apollo but still get the upside if Saturn discovers high grades.

Cobar
1) T1 - working aggressively towards production. As in latest quarterly, Rob is talking about production and early cash flow positive.

2) MB - resource upgrade. If you want to mine deeper copper, you need high grade (which we have) and large JORC resources (working progress). We had some resource upgrades, but we will need a lot more. Ideally, we need to get to 10mt+ @ 2.7% copper equivalent. If we get T1 off the ground than we can spend more money on MB.

3) Wirlong - JV with JOGMEC. They are spending their money on Wirlong. But we get R&D refund. Ideally, we need to get to 10mt+ @ 2.7% copper equivalent.

4) Wagga Tank & Mt Allan - paid only $40,000 with great potential. If you look at MB & Wirlong, we initially spent some money to get wheels moving to show some potential than Rob found JV partners. IMHO I think we can do the same with Wagga Tank. For example, we spend $40,000 on purchase & $1-2m on drill to show potential. Than sell 50% to JV partner for $7m (if they spend that much on drill), but we get several million back on R&D refund, so valued this project at over $15m. Ideally, we need to get to 10mt+ of high grade resources.

Outside Cobar
1) Apollo - offloading to Saturn. Offloading to Saturn than raise $7m to drill Apollo, we (PEX) should also get any upside potential on higher grade gold. But I'm not so certain we can float this project on ASX.

2) Tungsten project - small JORC resource, nothing happening until tungsten price increase.

Everything is moving nicely, especially 1 to 4 and Apollo offload.

Good luck all.