Ann: September quarter activities and cash flow report, page-27

A few points to note when considering the current $12M PNN MC: - PNN holds mining rights over 40,000ha of potential lithium brine resources in the Salta province, in the same 'Lithium Triangle' as ORE ($1bn MC), AGY ($200M MC), and LKE ($45M MC at similar stage of development); - PNN has 7 projects across these tenements, any of which could be company-making; - Projects are close to road and/or rail transport links for easy offtake; - Drilling to start this month on Salar de Pular project; - Drilling permits lodged for project on Rincon Salar, with expected start in December 2017. - PNN also has nickel, copper, diamond and other base metal projects in Australia. Lithium brine companies shouldn't be rated based on size of tenements...all a company needs is one good project site to scale up quickly to 10Mt pa production, which is equivalent to the existing medium-sized players are currently producing. I reckon the market should get re-rating first thing Monday!