Mines Do Not Get Covid

Why ? While other sectors such as Retail, Manufacturing and Travel are indeed subject to disruption from the Pandemic. Primary Industries such as Mining, Fishing, Farming and Forestry are not as they are conducted in sparsely populated environments. Their main risk in market collapse is thru not being able to get their products to their Secondary processors.

Longonjo, not only existsin a comparatively remote location, ie one of the least Covid affected Countriesin the World, but it is also at least twelve months from coming into Productionand therefore not needing to transport its product yet. There may be somedelays in bringing the fabricated steel from China to build the mine'sprocessing plant, but that Country also seems to have avoided the Second Wave and is rapidly regaining its manufacturing capacity.

Then consider that theEU and UK Governments have now committed to driving their Economic recoveriespost Covid, thru stimulating "Green Revolution" Industries ? Whichputs Pensana in the Box Seat as Longonjo appears to be the only viable optionfor supplying those Magnet Metals which are so critical to that Revolution.

Pensana PRE/PM8 will probably take an initial (and unnecessary) hit in this Second Wave panic, but once Investors start looking around for Safe Havens to park their money they will realise that their Money was already in one of the safest places it could be !

Gold might be goodgoing into a slump, but it always crash's on the way out and we can forgetabout Banks and Bonds. We invest in Companies for Future profit, IMO there is no better Company than Pensana for future Profits !