PEX 4.55% 11.5¢ peel mining limited

Hi DiscoStuI think they have effectively arranged a sub-head...

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    Hi DiscoStu

    I think they have effectively arranged a sub-head office with Jim Simpson based in Orange NSW which isn’t far from Cobar. As for international issues affecting Pex the major contributor is two fold affects of short supply ergo only days of warehouse inventory and the huge degree of delay that is the underinvestment in new discoveries.

    I recently read that due to above and preceded demand from the building of global energy infrastructure and EV take up we will potentially see Cu at $10USD a pound which is probably and roughly from recollection of the economic feasibility modelling around 2,5x more than we expected to achieve for Cu prices!. Go figure!!.

    Best for a successful safe healthy 23. Sarg
 
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