I was reading about US private equity T/O of ATE valued at $56m (280m shares X $0.20) - if it is $56m to buy PEX, PEX will be equivalent to $0.43 per PEX share.
ATE has zinc 2.99mt @ 11.9% Zn, 0.6% Pb, 0.8% Cu, 29.9g/t Ag... no gold. It is up to 410m deep and extend to 800m deep. Their other project only 5% Zn.
IMHO PEX's MB, Cobar, Apollo & Tungestan combined SHOULD worth a lot more than ATE $56m. Lead price is almost equal to Zinc (ATE has little lead). We still have Cu (high grades), Ag (good grades), gold (good grades) and tungstan (good grade).
PEX is too cheap IMHO.
Down Dip Potential of High Grade Lead/Zinc/Silver, page-102
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.73M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $34.26K | 286.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31065 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 100366 | 1 |
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| Last trade - 15.46pm 08/11/2024 (20 minute delay) ? |
| PEX (ASX) Chart |