“Like you (but not wassa! ha), I would be keen to see changes on...

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wassa

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18/04/24

22:05

Post #: 73415723
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Originally posted by speculator101: ↑

Cheers Cashed, that is very kind of you. For better or worse, I have invested a good amount of capital in PNR, so... I am trying to keep as close an eye on it as possible!

Great post btw and pretty much sums up PNR perfectly. Totally agree with you about CAI (which is one of the reasons that kept drawing me to PNR... why hold CAI and it's less well known and mineralised tenements versus PNR (let alone the fact that PNR has a 5m ounce MRE!)).

As you mentioned, the sheer size of just Manifold is impressive, yet when you then show that in the context of the greater gold camp (let alone the entire Norseman package!)....

Here is my poor attempt at showing how Mainfield fits within the great gold field.

Out of interest Cashedup, would you be able to speculate the sheer potential amount of gold in those unmined area's?
PNR above state that the developed grades compare well with mined grades....

Without doubt, they need to undertake a lot more drilling to ensure that their longer term goals are achievable, which hopefully, they will be able to more than afford even whilst paying down the debt in quick fashion (I mean, their net debt is only about $17m).

Like you (but not wassa! ha), I would be keen to see changes on the board, but... with two board members holding 17% of the company and... they have not tried to change anything, I am fairly accepting that my grumpiness on HotCop is not going to move the dial

@Kippytop1 - I agree that over time, PNR will hopefully be measured against the likes of Karora, but in the near term, they have to earn their stripes and make real profits (develop Scotia, bed it down, expand OK/Star a bit more and refine their open pit mining and maybe, find ways to eek out more ounces from Green Lantern without major cutbacks). This will then enable them to.. potential add just as much value with the drill bit as with the plant (because they have only converted 20% of their MRE to date).

Good projections for the share price.

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“Like you (but not wassa! ha), I would be keen to see changes on the board, but... with two board members holding 17% of the company and... they have not tried to change anything, I am fairly accepting that my grumpiness on HotCop is not going to move the dial”

I often have a different view to most … not only on PNR over the years.

Happy to stay the odd man out, I was positive when there was only negative posts here.

PNR Price at posting: 8.7¢ Sentiment: None Disclosure: Held
7 Upvote

1 Great analysis

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