CometRider,

""Hopefully not giving more to NST at a discount""

I guess we will all know soon enough. If Northern Star do get involved in this current raising it should send a message to the market that they are fair dinkum about wanting to become more involved in the PXX story. As a shareholder in PXX that's my hope.

If the latest scoping study hasn't convinced Northern Star that this is a company that has projects in their portfolio that are worth pursuing then I guess nothing will. The obvious question has to be asked why Northern Star took an interest in the first instance with what PXX boast. I guess only Northern Star hold the answers to that question. If you then throw in the fact that the so called experts appear to be very bullish about the gold price and copper price going higher in 2024, it only enhances the economics, making it even more compelling and attractive. I can only imagine it would help to wet the appetite for Northern Star to want to expand their interests in their gold portfolio, if they also believed gold prices were on the rise...

UBS predicts dramatic increases for gold and silver prices amid expected US Fed rate cuts

""“We are expecting gold to be pushed higher by a Fed easing. Also, this comes with a weaker dollar,” Ms Teves – who has tipped gold to hit around US$2,200 per ounce by the end of the year – said in a recent interview.So, regardless of when we expect the Fed to cut or how much they’re going to cut, the expectation of the market is that policy is going to be eased and that is bullish for gold.”“Rates are expected to go lower, which is also bullish [and] the overall macro backdrop where there’s a lot of uncertainty also kind of justifies having an allocation to gold in the portfolio as a diversifier."""

The timing for Northern Star to invest further into PXX could not be better. So if Northern Star do choose to get involved somehow in this latest raising, I for one would not be at all surprised. Given they have already dipped their hand into their pockets in the previous raise, would indicate to all their obvious intentions . { Northern Star Resources Limited (Northern Star) subscribed for a total of 135,333,702 Shares under the Placement and Shortfall Placement, representing approximately 10% of the Company’s issued capital post raise. }

Fortunately for shareholders PXX has already enjoyed some success in their previous exploration activities and have already announced to the market high grade discoveries in both gold and copper. One of PXX's largest shareholders is Northern Star. They are currently sitting on plenty of cash, in excess of 200 million dollars I believe... So one could suggest that the opportunity certainly sits with them if they want to acquire a bigger slice of the pie and add to what they already own of PXX. From the outside looking in, it would appear to be a nice fit .

As I said earlier CometRider, we will all know soon enough.

Cheers.