Sulu,
There are two games in play at the moment. Firstly the copper. PEK are near Sandfire, and next to CYS which is currently in a trading halt awaiting drill results.
The second games is the rare earths. Check out the thread "Direct Comparision - major re-rate coming". Basically, the PEK target is looking very similar to ARU. ARU have a market cap around 10 times that of PEK. I really like ARU and it is worth reading about them a bit to get a better understanding.
As always, there are differences, like the Phos grades etc. PEK has some very substantial advantages, so far it is all at surface, and the the target is much much bigger.
Good luck with your research.
Marcona, why not sell 10% and free-carry the 90% at no cost... why be nervous if it then owes you nothing?
24% higher grades than lyc or aru, page-12
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $54.61M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $14.96K | 75.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34585 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 30000 | 1 |
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| Last trade - 15.59pm 16/08/2024 (20 minute delay) ? |
| PEK (ASX) Chart |