Thanks for that great summary. Interesting to see the market...

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davmarc

1,305 Posts.

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11/06/15

11:52

Post #: 15448324
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Originally posted by sharman ↑

http://hotcopper.com.au/threads/aussie-companies-fair-the-best.2530381/#post-15447439

The above post I just posted on the zinc thread in reply to another posters comments. I think its worth reading for potential new comers to Pex. Actually i will copy and paste a copy of that message below.

Thanks early 1. Peel have already had major success at Mallee Bull where they have a large predominantly copper jorc. They have 2 farm in partners. They are now adding zinc, lead and silver to the mix. They are releasing another ten drill hole results in a couple of weeks all if which have hit zinc, lead and silver and some of those will be good high grade hits. A few months ago the market cap did bottom out at about 5 million dollars. This zinc, lead and silver mineralisation has been hit at shallow depths. But the best and higher grade mineralisation for the predominantly copper mineralisation at Mallee Bull is all at greater depths. So further deeper drilling should bode well if it's like the copper mineralisation. Anyway Mallee Bull is turning into something special they have large amounts of copper in the bag and now they're adding further high grade ore to the mix. Check out earlier announcements 2 to 3 years ago. This is the beginning of another large exploration program at Mallee Bull which has already been de risked by its large copper jorc. At 30 million market cap it's still highly under valued without adding in the potential of zinc, lead and silver mineralisation. Management run a very tight ship and currently have 3 million in the kitty. They have said they will not need to raise funds this year. But it's not beyond the realms that they will raise this year if the market cap gets high enough. They currently only have a very small amount of shares on issue at 132 million. There last capital raising was when there share price was at 50 cents. Anyway things are getting very exciting at Mallee Bull again and I believe this will be the beginning of another large and fruitful exploration campaign. Pex could quite possibly be one of the best performers on the asx in 2015. But anyway I urge people to check out earlier announcements for pex and see what im harping on about. In 2012 they had massive copper hits at over 70 metres grading about 4 and a half per cent copper. Anyway do your own homework and come to your own conclusions.

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Thanks for that great summary.

Interesting to see the market overlook HHM which is sitting on paper profits in excess of $3m on it's investment in PEX.

More good assay results from PEX will surely put this stock into play. With such a small share register this could go quite high you would think.

PEX Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $63.91M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	40735	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	147701	2

View Market Depth

No.	Vol.	Price($)
2	40735	0.115
2	117908	0.110
1	5000	0.105
1	139443	0.100
1	50000	0.095

Price($)	Vol.	No.
0.120	147701	2
0.125	50000	1
0.140	34000	2
0.150	799	1
0.155	10000	1

Last trade - 10.06am 18/09/2024 (20 minute delay)

PEX (ASX) Chart

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Thanks for that great summary. Interesting to see the market...

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

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Thanks for that great summary. Interesting to see the market...

Top Stories

Harvey Norman clocks subdued gains as Echo Law's junk warranty class action kicks off

Cauldron discovers shallow uranium up to 2km at WA's Yanrey

HotCopper users smell capital raising as 88 Energy says "significant update" at Phoenix

BPM Minerals hits high-grade gold at the Claw Project WA; shares jump 86%

FDA hands Paradigm Biopharma guidance to re-jig phase 3 osteo trial – or is it a delay?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News