Hi Happytrader
Mr. Pitt isn’t on the board. He and associate entities is a very large shareholder.
He via HHM became involved when HHM swapped the Apollo Hill (then 500,000 Oz) project, for 10million Peel shares.
HHM holds an increasingly important 5% royalty (net of cost of production) on all gold produced above the one million ounces, so I’m very pleased to hold HHM as below unfolds.
Soon Saturn will update their resource estimate at Apollo Hill zone and so market will take note of huge turnaround value, as a shallow easy mining operation.
I expect Rob spends less time in the Cobar field these days for reasons Covid however Jim Simpson; local staff handle what needs attention from management and day to day drilling activities. I maintain Peel HHM and STN are all significantly undervalued given what’s in pipeline for 2021, so DYOR I’m one eyed as Nij often espouses.
Cu and Au will be key performance drivers for Peel as this market demands practical green metal, and a bonus precious metal, to clarify (May Day) with a substantial return forthcoming for much timely, unwavering efforts.
Bedt to all holding in 21
Sarg
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1 | 100000 | 0.120 |
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