Where is Chalice going to get the money to develop mt oxide? if they do capital raisings, will PEM use its money to take part in the capital raising so it can maintain its shareholding or will PEM dilute its shareholding.
To sell mt oxide to a $2 company means either the board is hopeless at negotiating or the asset is crap. PEM would be worth more as a potential copper producer than as a struggling zinc producer.
This stock has broken all support lines and heading for 5cents at least
PEM Price at posting:
18.7¢ Sentiment: Sell Disclosure: Not Held