trading halt, page-21

Agree... was this really the best use of 180M? Looks like metal prices need to stay near historical highs for them to make 'good' money.
What i would have expected is for them to buy something that has significant resource upgrade potential, low operating costs, and a long mine life, i.e something that can weather low prices at the low prices at the bottom of the cycle without having to close the plant.... insert recent bad memories... This sort of smells like we have another plant with the same risks as the existing.

I dont understand why we bought this. Im not necessarily saying its a bad decision, just that at first glance the value does not seem apparent. Again, maybe i am missing something.

As is always the case with PEM the SP will move up in perfect correlation with the zinc price which is reportedly the other metal facing supply issues next year. Thats why i am holding a few shares still.