PEX 4.17% 12.5¢ peel mining limited

Is the smart money accumulating PEX?, page-19

  1. 12,259 Posts.
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    Just a quick observation on the copper resource that exists currently. The Cu grade is respectable but the size of the deposit is small and is still in the indicated and inferred category and parts of the deposit are deep.

    The new Zn, Pb, Ag, Au discovery is shallow and seems to be a separate ore body from what I can see. Notice that only one of the six reported intersections contains reportable copper mineralisation and that's only at a level of 0.54%. That could leave the option of developing Zn, Pb, Ag, Au discovery independently of the copper (just a thought). Either way it looks like a game changer if they can work up sufficient tons.

    Eshmun
 
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