PNR 8.70% 10.5¢ pantoro limited

After a small amount of sleuthing, I am wondering... if WGX move...

  1. 11,932 Posts.
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    After a small amount of sleuthing, I am wondering... if WGX move to re-acquire it's past asset (Higgensville) just happens to have the benefit of surrounding PNR.... To be clear, I don't think PNR need any more gold from WGX assets, but... if ever there were synergies to be had, this is it...
    WGX are a proven inhouse U/G miner... 1300 strong workforce.

    Today they announced a merger with Karora (who's assets surround Norseman, but not exclusively of course).
    Long term, Norseman could fill it's own mill and even assist with Higginsville. This would see WGX with 3 operating plants in the Murchison and 3 plants to the South of Kalgoorlie. Just seems to 'fit'. It would eventually create a 500k-700k p.a producer.

    https://hotcopper.com.au/data/attachments/6088/6088090-2a704b71583ebb1c9ae58e38df4135aa.jpg

    Just some idle speculation of course.
 
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