PEX 8.33% 11.0¢ peel mining limited

Hope they succeed Flawless! The SP look too sad for my liking...

  1. 2,782 Posts.
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    Hope they succeed Flawless!
    The SP look too sad for my liking but as ever the optimist I expect once all final permitting is achieved to allow both declines then who knows! I also expect much more in 25 as many analysts are predicting a 1million metric tonne shortfall for Cu!. They also suggest the Cu price will be around $15k US a ton. So, it’s darkest before dawn and I’m in for the long haul with the view we may make a few more discoveries along this path around Cobar and out around Broken Hill. I noted with interest Rob is back at Wagga Tank to infill from past successful campaigns so this with Southern Nights should reinforce a significant third string to the bow, with a bit more resource upgrade work. I’m surprised BHP, Sandfire, and others haven’t had a crack qt us yet, given they have been looking to significantly boost their Cu exposure offshore in less secure jurisdictions. Cheers Sarg
 
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