PEX 3.70% 14.0¢ peel mining limited

Ann: GREEN LIGHT TO ADVANCE MALLEE BULL VIA EXPLORATION DECLINE, page-33

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    Here's 2 charts both junior miners over 10 years from start up on greenfield sites. Remarkably similar sp trends, GOR now about to pour gold so the sp is taking off. PEX shaping up well in comparison, there's always a dip after discovery on the way to mining.
    The general trend for PEX has been upward since 2015.  GOR shares = 877m PEX shares = 220m
    It's easy to be overly critical, but PEX sp pattern is pretty much standard fare for a junior miner making big discoveries, hence my comparison to GOR.

    GR1.PNG GR2.PNG
 
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