IMHO I think it will be interesting if or when copper gets to...

IMHO I think it will be interesting if or when copper gets to more than US$4/lb, combined with zinc above US$2/lb.

When copper price was high (US$4/lb), PEX was trading around 40c-70c range WITHOUT Wagga Tank, T1 and Wirlong. Since than we did not issue too many more shares.

If we can get:

1) T1 closer to production - IMHO it will
2) Zinc price US$2/lb and copper US$4/lb (which I think they will)
3) More high grade hits at Wirlong, MB and Wagga - I think they will
4) Without issuing too many shares.

Compare the above four with PEX in 2013 when it was trading around 40-70c. Offload Apollo may help to reduce running cost and minimising issuing new shares in capital raising.

If above 4 goals achieved, IMHO there is no reason why we cannot get to 50c+.

Just IMHO