PEM 0.00% 35.0¢ perilya limited

why not keep the gold mine

  1. 1,201 Posts.
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    I know the MD wants to focus on PEM predominantly being a zinc/lead miner (silver too of course) , but GOLD is always a good hedge against basemetals.

    I like what IGO is doing atm for example: A nickel producer with a HUGE gold potential in having 30% in the massive tropicana find thats being rumoured to have 3million ounces already.

    GOLD as we know is always a safe bet should anything go wrong macroeconomically

    OXR too has a great portfolio mix: huge gold, copper, zinc

    I think keeping the gold in daisy milano and expanding what they have would diversify some risk away from the stock?

    Daisy milano is a small part of the overall picture, but the grade is good, so why not drill more and expand the resource and diversify even more
 
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Currently unlisted public company.

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