PEX 4.55% 11.5¢ peel mining limited

St Barbara - maybe not interested in buying Peel, page-27

  1. 5,275 Posts.
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    Well Ev, i found this in the last quarterly report. I have a feeling there was some mention of it in one of his Proactive Investors videos. But i don't have time to go back through those.

    Regardless i think it is very fair to say that after so many missed deadlines on that PFS & so much obscure talk we cant really believe anything he says on that subject any more.

    In addition i did recently read an analyst state that " he doubts Mallee Bull will be mined. As it is not immediately profitable to do so. It would require a lot of additional deep drilling. Which given the size of the deposit currently makes it uneconomic ".

    Personally i think if mining M.B were a lay down misere then we would have seen that elusive report long ago.

    https://hotcopper.com.au/data/attachments/1483/1483185-0220805905f4e1ef9e7c060903e3c8d2.jpg

 
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