PNX 20.0% 0.4¢ pnx metals limited

Hi mmoore, as I mentioned previously and what eagle have just...

  1. 488 Posts.
    Hi mmoore, as I mentioned previously and what eagle have just pointed out. Funding wouldn't a significant problem as there are a few options out there,institutional investor participating, retail cr, possible JV, I believe they need 6m for the DFS. One of the other option is if Kirkland decides to claw back 30% they require to fork out around 15m.

    I am sure they will already be considering whether to implement a culmination of these options to provide a favourable progression.

    They have been up to date and fairly on point with valuations, resources size etc.

    I believe Kamara group had similar valuations about the project with around 10% variation end of last year. 35m MC correct me if I'm wrong.

    Considering some zinc plays out there that have no proven resource just smokes imo like ICG with a current 18m MC, twice of ours. It just goes to show the sentiment is highly skewed. We have a long way to go in terms of the MC imo. 3+c very soon for PNX.

    DYOR
 
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