PEX 3.70% 14.0¢ peel mining limited

Ann: NEW HIGH-GRADE ZONE IDENTIFIED AT SOUTHERN NIGHTS, page-11

  1. 2,771 Posts.
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    Hi Apt Nij FDS and all..

    Yes a great AGM with the big shareholders and a chat with Jim Simpson Simon Graham Rob Steve and others after the joint presentation.

    Critical mass is being built upon for the right plant to process all metals, given Mallee Bull WTSN and Wirlong may all contribute to a mine life plus 8 years, as just an initial starting point.
    Permitting going well, no reason not to mine out there cause there’s bugger all farming.

    They played a great drone video of drilling and showed the aerial perspectives distance and terrain between WTSN.. quite an impressive helpful presentation.

    Trucking long distances sounds not worthwhile so I feel above projects can elevate this company into producing, assuming you are still a little patient.

    Big things to come with Jim on deck to assure the engineering works well profitably and safely, so in brief the mood is very upbeat with a true focus and plans now in place.

    Water appears ok from several ground sources with remaining results and more drilling to come before Christmas.

    So- Lots happening!!.
    I’d say a strong buy - to sit on, and steadily “accumulate“.

    Sarg
 
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