PEX 1.75% 14.0¢ peel mining limited

Hi Sarg, I like to use graphs to compare possible dynamics of...

  1. 227 Posts.
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    Hi Sarg,

    I like to use graphs to compare possible dynamics of growth/time using similar mining companies, SFR and AMI are close to what is happening to PEX.
    AMI moved from 20 cents to 60 cents from June 2017 to June 2018-giving it a factor of 3.
    The number of shares is about 4 times less for PEX as compared to AMI-giving I a factor of 4.
    Hera-Nymagee Project is comparable to what PEX has got at this stage.
    It is a speculative look at our investment and a bit of fun but 3x4 is 12,give it 50 % discount for the unknowns=6
    6x 50 cents=$3 per share for PEX in the next 12 months-at least.
    I am now less enthusiastic about the take over soon, it possibly is such a rich deposit that it may be difficult to agree what it is worth for a while.

    Cheers

    Flawless
 
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