Ann: Retraction & Re-submission of Mineral Resource Estimate, page-8

The publication of the Mineral Resource Estimate for S N is likely to be quite important as it allows much better valuations to be put on Peel assets.
Peel can't go on the way it has for the last few years with endless C R's and constant dilution.
Either Peel has to develop S N or more likely Peel will be taken over by either AMI or CBH. Peel assets would be a good fit for either party but especially AMI as their 2 mills are closer. It would be surprising if the M and A people at AMI and CBH are not crunching the numbers at present.
Given that Peel's two major shareholders failed to participate (mainly) in the last C R there may scope for some corporate action either through a merger or takeover.