PEX 4.17% 12.5¢ peel mining limited

Cream, page-4

  1. 563 Posts.
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    Sarge your positive sentiments are always welcome. The problem is that positive sentiments are not sustainable if the company doesn't pull it's finger out and put some holes in the ground at MB. The maiden JORC was announced last May and the last drilling was 12 months ago. It isn't one sided positive commentary on this forum that is going to drive the share price. Rather it is an increase in the base metals inventory at MB. Yes the Cobar Super Basin drilling with JOGMEC was promising but that doesn't justify doing no drilling for an entire year at MB.

    There needs to be an announcement sooner than later about a resumption of drilling at MB. Also the interpretation of the new geophysics at MB should be announced - lets not delay until the Quartely Activity Report due in 5 weeks!

    What about the Orana (west of Ivanhoe) drilling with the NSW govt grant money? It was a long shot but who knows the magnetic "bullseye" might be an orebody.
 
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