Funkbunger, I'll save you the trouble..........enjoy...

Funkbunger, I'll save you the trouble..........enjoy readers

Spinifex article, West Australian 22/5/13

One company that sits in a slightly more comfortable position than most at Broken Hill is Peel Mining.
The Perth-based copper hopeful, referred to by some as the "second Sirius", shot to prominence in August last year on the back its Mallee Bull find near Cobar, NSW.
Even though it's 450km away, Cobar is the closest thing Broken Hill has to a neighbour.
And just to formalise the arrangement, Peel entered into a farm-in agreement with CBH Resources, which runs the Rasp mine in Broke Hill, to eventually take up 50% of the project after paying the whole $8.3 million in exploration costs.
The final $3.3 million of that (phase 3) from CBHR is due after the current drilling campaign finishes in next month.
CBHR managing director Stephen Dennis said it was likely he would commit to phase 3-industry speak for "yes".
Mr Dennis also concurred with Rex Adams' analysis, saying the high aussie dollar had the heaviest impact of any factor for zinc-lead producer.
Despite CBHR's funding commitment and strong drilling results, Peel has not been immune to the toxic market surrounding mining juniors, with its share price dropping from 70c a share to 42c.
And just to highlight how tough it is for juniors; after receiving a small boost after declaring hits of 82m at 4.4% copper (big hits in anyone's language), Peel's shares simply continued a downward tread.
But unlike most of its peers, there is a genuine feeling of excitement about the company, and a feeling that Mallee Bull could be the real deal.
A resource is expected mid next year.