PEX 7.69% 14.0¢ peel mining limited

Townsville Plant, page-21

  1. 44,246 Posts.
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    Yes, the Abra deposit has negligible Zinc, and they haven't discovered much in the way of Copper & Gold there as yet. But it is a large Lead / Silver deposit.

    Looks like the market had severely undervalued G1A but Toho Zinc had a different view.

    But in terms of undervaluing Aussie explorers who are making significant discoveries, the argument could be made that the market is doing that across the board, and I believe it certainly applies to PEX.

    The only piece of the puzzle left to fall into place is this: is RT going to be the kind of corporate deal-maker who is going to extract maximum value from the various projects on the Peel books that will see all the latent potential here realised. If he gets it right then the future is very bright for this company.
 
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