These high grades of Zn+Pb of around 30% to 50% at shallow depth...

These high grades of Zn+Pb of around 30% to 50% at shallow depth are reminiscent of the history of the discovery of Broken Hill back in the 1880s. Then for Mallee Bull there is gold, silver and, at depth, gold and copper.

Sure, Mallee Bull is near Cobar in the Lachlan Fold Belt and not in the Broken Hill region. But even the Cobar Nymagee multi metallic base metal deposits are deposits that keep giving and giving over many decades.

How extensive this high grade Mallee Bull ore is will be the company maker determinant. With more analyses coming out soon with promising visuals, I think PEX has good multi bagger scope at these prices.

Bought a modest parcel of PEX at close for 22c. Waiting for the rest of the results over the next couple of weeks will be tough but the upside potential is fabulous I reckon with a very low risk of the price falling significantly.

All my own personal opinion of course. DYOR.