Agree Poker, 1m ounces should be achievable, though I am quite...

Agree Poker, 1m ounces should be achievable, though I am quite keen for them to keep drilling the Mertondale ground that finally got the ok from the Dept of Defence. As the grades below are.... at least for me, the best KIN (now PTN) has hit in years).




Hard to know that the real potential is, because PNX never really did anything (capital starved), so we have a whole suite of assets that are now actually going to be tested (and relatively quickly), due to cash not being the issue (arguably the first time for almost all the assets).

Price target... hmmm... I feel around $0.15 is a good medium term target, without them needing to have too much luck. I was a little lucky, I waited for my entry, guessing that stale holders in both companies would be exiting just before the deal went through.

Basically, the assets are valued at zilch. Which is crazy, when KIN were able to sell off lots of its gold for what I think was a great price at the time. Yet now, we have POG much higher.... even if they sold the best bits, there is still good value there.

I have basically 'set and forget' my PTN shares... not selling at all until I see some exuberance.
Just waiting to see what deals they are going to progress on, as I have a feeling the merger needed to be done before being able to lock in nearby acquisitions.