PEX 8.33% 11.0¢ peel mining limited

Ann: Super High-Grade Intercepts at Southern Nights Continue, page-40

  1. 2,791 Posts.
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    Hi All FDS

    Opinions please;

    If according to geo Oats and as it’s been a matter of discussion conjecture for quite a while in the Peel camp, and if the core shown in the prior post isn’t “Cobar Style” then what are the implications?.

    My layman opinion is a positive if it’s not actually Cobar style of narrow deep pipes of ore, then the alternative of shallower long stacked loads and long deposits from say 120m down to 500-600m over 2klms or thereabouts..
    will make for easier mine design and cost, and be large in total tonnage, as is being clarified in coming months!.

    This combined with a post election bounce in the sharemarket should be a catalyst in rerating to
    a healthier market capitalisation, not to mention any other corporate activity which may excite all buyers.

    Sarg
 
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