Ann: Zhongjin Lingnan Proposal to acquire Perilya, page-7

re: Ann: Zhongjin Lingnan Proposal to acquire...
Perhaps a few more cents if the the other 48% stand up but unlikely imo, Zhongjin have probably timed move to acquire more zinc and lead plus copper, Li and exploration leases very well. Confirms to me this is likely the light at the end of the tunnel moment for lead and zinc. In 12-24 months the price paid for PEM will look cheap.

PEM is not a major producer in Australia or in a strategic commodity so cant see any interest from FIRB either. Zhongjin should now link up with their friends at CBH.