PSL 10.5% 1.7¢ paterson resources ltd

Ann: Pause in Trading, page-41

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  1. 6,256 Posts.
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    "Then we have our newly acquired 6 vanadium mines in Australia that are all highly prospective; "

    Calm down.

    They do not have six mines. From what I can see they have exploration permits that don't have any major work done on the ground. In some cases, they're relying on satellite images to make educated guesses as to where the vanadium might be.

    Looking at their bank balance, they'll need to undertake some serious capital raising before they can get some boots on the ground.
 
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