Bell Potter rates PNR as Upgrade to Hold from Sell (3) - Pantoro will divest its lihrium, nickel, copper and cobalt rights at the Norseman gold project to Mineral Resources ((MIN)) for a price of $60m, plus royalties, says Bell Potter. This will see Pantoro retain rights to precious and base metals and battery materials at the project.
How does one divest Lithium, Nickel, Copper & Cobalt rights; yet retain rights to battery materials? Doesn't make sense.
PNR Price at posting:
4.6¢ Sentiment: Hold Disclosure: Not Held
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