How do you see the next 3 months playing out?Won’t hear boo from...

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Wilb008

167 Posts.

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26/04/23

20:16

Post #: 67466839
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Originally posted by camban: ↑

A wonderful dream indeed, and swift cash payment would be gratefully received! However, I do wonder what exactly your buyer had in mind with their $1.2 billion capital outlay, given the price originally paid by PRL for the exploration licence that forms the basis of this project, and upon which not a lot has been added except a couple of masts, a tin shed, discussions and “plans”.

It would be something like a 420x multiple lol. At that rate I’d quit hassling Pat Burke and David Frances for their otherworldly level of financial rewards received thus far from the pumped pockets of PRL shareholders.

Almost exactly two ago, on 21 April 2021:

“Province Resources (PRL) has completed the acquisition of Ozexco, securing seven exploration licence applications in WA’s Gascoyne region. Some of the tenements are considered prospective for salt, potash and mineral sands while others could become home to a renewable green hydrogen project.

The multi-project, multi-commodity acquisition was first announced in February and would set Province back $750,000 in shares, 50 million performance shares and $80,000 in works already completed on the projects.”

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How do you see the next 3 months playing out?

Won’t hear boo from management untill the tail end of July when these long awaited feasibility studies are released?
Staff costs are noted as $360,000 for the previous quarter, it would be nice if some of that could go into keeping us shareholders in the loop.

Hopefully we are updated on any potential partnerships, although I’m not holding my breath.

curious if we will drop either of the side projects being the vanadium project in Sweden or the nickle-copper project in fraser range

PRL Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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