Ann: Sale of Lithium and Base Metal Rights for up to $60M, page-26

Absolutely, a real mixed feeling is what I end up with. As we have seen a few sales of assets that.... have since turned into incredible sums of money (even RMS have lost out bigtime). The important thing is that if PNR can bed down production, the company will be valued at a much higher market cap than it is right now, which... should see a good return for the shorter term holders, LT holders... will need to see the gold assets and exploration excel.

Just watched another MoneyofMine video, which had a good discussion about PNRs deal, and some other interesting info. Suffice to say, it's easy to see why Min Res wanted PNRs land.



I must admit, I had forgotten that Min Res had a previous deal in regards to some of the tenements and Lithium, but it was only a small financial deal. NexGen Energy Breaking Ground? + Pantoro gets a Lifeline | Daily Mining Show
17:30-23:00m mark.



What I found more interesting, was the mention that Goldfields had put in a bid for Norseman when Tulla was looking to do a deal (Goldfields wanted 100% of the asset, but obviously preferred to keep 50%, bet they are regretting that!). Goldfields wanted PNRs acreage because of the prospectively to the North I think, something about them making a good sized discovery around the lakes, which may have similar geology.

@line of cobar - good point about Halls. A fire sale has been put off the cards.
Though.... for some speculation, I think the sale (sure, the cash is nice too) of the Lithium is potentially a way for PNR to be streamlining the companies assets, before it gets a T/O offer. Just like what happened with AOP and BRB (RMS' prey).

So it would not surprise me to still see Halls Creek sold in the near term, BUT... you make a great point about Lamboo. Perhaps they will simply sell off the gold rights...? Any thoughts on what Lamboo might be worth?




In the end, PNR have likely made a logical decision, especially if Min Rest don't find anything.