This is an absolute bargain.19,9% of a fully operational plant...

This is an absolute bargain.19,9% of a fully operational plant in “excellent condition”. Multiyear reserves at solid grade of close to 2% Ni equivalent.

19.9% = 299.5m shares @ $0.07 ~ $21m investment by WSA.
100% = $105m.

There is no way you’d get a 1Mtpa plant for half that, imo.

Plus permits, exploration...plus plus...

Also thought the final paragraph/sentence was a little cute TBCFH.

Im sure the PAN directors will be spilling their Friday arvo drinks given the Ann dropped at 4.44pm Perth time.

Also another funny one...the building PAN resides in is called Panoramic House. It’s gonna be called Western Areas pretty soon.

This is a strong buy IMO

HB