PAK 5.88% 1.6¢ pacific american holdings limited

Ann: AGM Presentation, page-14

  1. 1,498 Posts.
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    I mentioned it a while back - feel free to go through my PAK posts, while JV or sale has been a topic of conversation for years and I do agree with you, however the following has also been achieved:

    - Year 1 157 MT Jorc with majority inferred
    - Year 2 further drilling confirms 185? MT resource measured (would need to dive through ann's to confirm number)
    - Year 3 Bushfires throughout Elko made return impossible
    - Year 4 further drilling upgraded resource to 303MT Jorc, engaged buyers
    - Year 5 covid hit, CR to continue operations until coal prices return to previous levels, pivot towards gold as additional pathway
    - Year 6 landscape stablised, huge focus on gold now in USA also, coking coal prices return, Chinese hungry for resources.

    Frustrating for all of us no doubt but I fully believe this will pay off in the long run. Ask yourself how long Warwick and Geoff have been in this, from a high of 21.5c to a low of 0.009c.. what do they want out of it?

    They've averaged down heavily across the years and i can assure you aren't looking for only a few bags once all said and done.
    Last edited by fishfordayz: 01/06/21
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