PTN is essentially a company with two parts - an exploration...

PTN is essentially a company with two parts - an exploration company with extensive gold, uranium and copper interests in WA and the NT, and an LIC with holdings in five other gold explorers.

I'm not full bottle on their exact holdings in the other companies, but I think that they are approximately ERM 7%, AUN 11%, BTR 8%, Mat 21%, GPR 61%. With the exception of GPR, I believe that PTN bought in at a favourable price and is already sitting on a significant profit in these holdings, with the potential for greater profits.

However, exploration of their own tenements is likely to produce even more substantial gains.