PEX 0.00% 12.5¢ peel mining limited

Ann: Large-scale mineral system at Wagga Tank confirmed, page-8

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  1. 3,480 Posts.
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    As news filters out DT's should pile in given more results to come so expect a bumpy ride over the next few days.

    Looks increasingly like WT and SN are one system and The Bird/Fenceline another set of mineralisation which is very exciting. 92m of PB!

    Given multi-mineralisation PEX will now be on the radar of mid-tier to larger existing miners looking for longer term projects. SFR is one that comes to mind as De Grussa runs out of volume and they are also active in the region. Bidding war for assets could get very exciting and I don't think PEX will get the opportunity to mine these assets.

    What would really get momentum going now would be to release the research report on MB/T1 so we get an idea of when PEX might start to generate +cashflow from some of these assets.
    Last edited by pfuzzy: 22/03/18
 
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