PTN patronus resources limited

Ann: Exploration Update, page-3

  1. 12,529 Posts.
    lightbulb Created with Sketch. 8109
    Agree Poker.

    Finally PTN is able to start flexing it's drilling capital on all of it's assets, simultaneously.
    One small thought hit me.... KIN might not have sold Mertondale (or Cardinia East) to GMD, not because they didn't want to, but due the defense force issues with access. This is hopefully going to prove a good turn of events, as they find more gold, in a much higher price environment. There could be other reasons too, but... with PTN looking at crystalizing the potential value of Mertondale, well.... I guess we will find out in due course.

    Basically, we will see an MRE update in early Dec, with... scoping study late Dec.
    With 2 small extra drill programs to further bolster the MRE update in the near term (which is exactly what I was hoping for).

    https://hotcopper.com.au/data/attachments/6565/6565305-5b6b4685c42175912244a3e973f33ec3.jpg

    Then you have the rest of the drilling across the assets. Whilst.... many explorers can spread themselves to thing, having so many assets on granted mining leases.... with infrastructure around them, is a very powerful potential value driver.
    Need the drill bit to do it's thing now.

 
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