Ive loaded up on PEM today, the data telling me its the bottom. $1.54 entry - investment should be in good place by Jan 09. Personal price target 3.60
Cash in bank $132m, or cash per share 45 cents
projects in the pipeline
strategic review underway can only lead to a good outcomes bigger and more diversified player, zinc, lead, silver, adding copper and/or iron ore would be a good move.
plently of commercial prospects out there with resources explorors discounted ie AUROX is cheap and will struggle to fund $600M plant. In this climate bigger players can pick and choose as long as the chinese dont get in first.
1st half will be released on the 19th of Feb and dividend should shortly thereafter.
Key Risk to watch spot zinc price and LME stock piles
Great announcement today on the resource up grade and you probably picked the bottom.
I reckon it will go up from here.
19 February 2008
80% upgrade of Mount Oxide Resource to 203,000 tonnes of contained copper Perilya Limited (ASX: PEM) is pleased to announce an 80% increase in the Mount Oxide mineral resource estimate.
Perilyas CEO, Len Jubber, said that the significant increase to 203,000 tonnes of contained copper, together with the majority Indicated status of the resource, strengthens the projects potential for development in the current strong
Planning for an aggressive drilling program to infill and further increase the resource is well underway with drilling
expected to recommence in April 2008.
The Mount Oxide feasibility study announced on 21 December 2007 will also consider the benefit of the 8,300 tonnes
of cobalt and 4.2 million ounces of silver within the resource.
This is a significant project milestone, which coupled with the successful Stage 1 Beltana open pit development at the
Flinders Project in 2007, continues the organic growth envisaged from Perilyas three core assets, concluded Mr
Yep it was a very good report - however CBH 1/2 year results may way down the sector in the near term.
way to pick a winner fellah's.
now is the time