PUR's "Julimar Discovery" in Calingiri East?, page-1397

Hi gercha, regarding ENX it depends on timeframe.

They have a good sized footprint but seem very slow on the action plan.

Obviously those companies doing stuff to advance their prospects will advance faster in most cases one would think.

If you have money you can afford to have tied up for an unspecified amount of time at ENX (who don't seem to be doing much exploration wise) and can hedge against companies like PUR for example that are advancing prospects well you could see an investment in an ENX as land banking.

But how long will the wait be at ENX, hence the market pulling back their SP?

Virtually every other participant in the prospective PGE zone is doing work to explore their land. I can't or shouldn't give you advice but follow your gut feeling usually works.

Personally I took some profits at ENX and bought a few more PUR options (which are just as risky as anything if Im honest) and added to a couple of other bits a pieces to other plays.

But you have to make your own choices.
This PGE market is not mature IMO and doesnt always reflect correct value to upside risk/reward.

Therein lay a few opportunities as everyone learns and feels their way.....and as always with any of these things a bit of luck helps..