Even though it's just a simple announcement about some possible pipelay, it's good for PNN.
Firstly, they are having Gangfen share the costs to see what's below where the mammoth wants to lay her lithium pipe. Always good to have someone else pay for your own work. If they find something, then Ganfeng is between a rock of gold and copper, which will make any pipelaying discussions very interesting. Anything decent found, and the pipe will have to go around. Nice position for PNN to be in. We have a mineral hit, and the big guys want the land. Whatever happens, its a sweet spot.
If they find little of concern, then the pipe goes ahead and PNN gets paid for some useless land.
Eitherway, its better than nothing.
Fail to see what all the bitching has been about. Glad I missed it.
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