PSL 5.88% 1.8¢ paterson resources ltd

Ann: High Grade Gold intercepts next to Telfer continue, page-25

  1. 301 Posts.
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    Here's something to ponder:
    As per the PSL website, “the mining operations at Lloyds Mine and its surroundings have led to the creation of dumps holding 4,660 tonnes of copper metal within a total material volume of 370,000 tonnes.”
    At the present copper price, this translates to an approximate value of nearly $55 million AUD. Even if the company were to sell them at half price, it would still represent a substantial value of $27.5 million AUD, which is almost two times its current market capitalization. It's essential to note that this pertains solely to the copper portion, not even considering the gold content.

    Ref:
    https://patersonresources.com.au/projects/burraga-project/
    https://hotcopper.com.au/data/attachments/5690/5690487-cf6ab13fff5eecffe6debf3d3f5b41d8.jpg
 
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