"It's not the price of the metal that's going to drive this......

"It's not the price of the metal that's going to drive this... it's volume/grades and they just don't have enough... yet."

I disagree to some extend.

If zinc is at US$0.80/lb market will not get too excited if PEX announced mining high grade T1.

If zinc is trading at over US$2/lb (which I believe it will in the nearest future) and combined with high price of lead, market will be very excited if PEX announced mining 15% zinc equivalent. At over US$2/lb zinc which is not far behind copper price (US$2.9), 15% zinc equivalent mining over 10% copper at surface.

When cobalt is hot, any company announced low grade drill results share price will rocket.

I remember those years when copper price was hot at around US$3.50-$4.5/lb and PEX share price rocketed to 70c on good results. I wasn't a holder back in those years but watched with interest. IMHO we can get back to 50c+ easily if we get things moving (T1 and more 16% copper at Wirlong results) and commodity prices move up.

Just IMHO