Ann: Grace Gold-Copper Project - 3D Aeromagnetic Modelling, page-25

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23/07/20

20:46

Post #: 46048200
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Originally posted by RedDirtRipper: ↑

"The Company is currently working up an exploration programme for the area which will include geochemical surveys, IP geophysical surveys and drill targeting on gold mineralised extensions and structural targets, IP anomalies and magnetic anomalies."

So 2 years of not being listed and they don't yet have drill targets. So it sounds like 3 months atleast before geophysical surveys/geochem are compiled and drill targets are identified. So then its just about cyclone season out there and access is limited by rain.

So the cash will last til Dec according to them and may not even include drilling. So by that logic, CR most likely as soon as a drill program is announced in Oct. Shame that they didn't have their ducks in a row for a quick start to drilling.......

Deep drilling won't be cheap and surely a consolidation is needed before issuing any more shares (3.9B is already too many).

Still might grab a few but setting my expectations lower in the short term. Hard to justify 20m MC while there is not much cash and a shady history.

Good to see it trading again, DYOR and GLTAH

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The number of shares is not really relevant but market cap is. There are many ASX listed securities which have much higher SOI and their prices are much higher than PSL's. For instance, IMU has 4.5B shares and its current price is $0.053, almost 18 times higher than ours.

PSL Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.7¢		Change 0.000(0.00%)		Mkt cap ! $12.31M

Open	High	Low	Value	Volume
2.6¢	2.7¢	2.6¢	$1.57K	60K

Buyers (Bids)

No.	Vol.	Price($)
1	38000	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	267447	2

View Market Depth

No.	Vol.	Price($)
1	38000	0.026
1	50000	0.023
1	644583	0.017
1	300000	0.016
1	500000	0.013

Price($)	Vol.	No.
0.027	267447	2
0.028	739810	3
0.029	513430	2
0.030	1605251	5
0.031	33000	1

Last trade - 11.38am 01/08/2024 (20 minute delay)

PSL (ASX) Chart

Ann: Grace Gold-Copper Project - 3D Aeromagnetic Modelling, page-25

Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares

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Ann: Grace Gold-Copper Project - 3D Aeromagnetic Modelling, page-25

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