PEX 3.85% 12.5¢ peel mining limited

Ann: Robust Resource at Wagga Tank-Southern Nights, page-17

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,279 Posts.
    lightbulb Created with Sketch. 504
    The high grade resource has by my reading actually exceeded what Barry Fitzgerald speculated it would be in his article of Nov 16, 2018. He speculated a high grade lens of 500 - 750K @ say 25% Zn eq. That would give contained Zn eq of between 125k - 187.5K tonnes.

    The actual resource estimation is 1.8M tonnes @ 15% Zn eq for 270,000 tonnes of contained metal.

    It is a good result. God only knows why it has been received by the market with a big yawn.


    https://hotcopper.com.au/data/attachments/1631/1631794-51e0e96834a1106d0a1af9548984f09e.jpg
    https://hotcopper.com.au/data/attachments/1631/1631802-d45d1069992a961a818edc92d624ae22.jpg




    Last edited by Nijiman: 09/07/19
 
watchlist Created with Sketch. Add PEX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.