PEX has been producing good numbers for a long while now. It sounds like they are forming up resource figures. Rob Tyson has been doing a good job spending a massive percentage of outgoings on exploration, which is a lot more than can be said for many lifestyle exploration companies. I certainly regard him as one of the good guys. He is a geo, and maybe it is close to the time for PEX to roll Rob over to a Technical Director role and bring in a mining guy as MD.
They could learn a bit from Aurelia’s/ YTC’s history and make that move sooner rather than later.
Don’t think having a crack at PEX makes sense in the near term for us; too much going on in our own ops.
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