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Pasinex Resources Ltd C.PSE

Alternate Symbol(s):  PSXRF

Pasinex Resources Limited is a Canada-based mining company. The Company owns 50% of Horzum Maden Arama ve Isletme Anonim Sirketi (Horzum AS), through its wholly owned subsidiary Pasinex Arama ve Madencilik Anonim Sirketi (Pasinex Arama). Horzum AS holds 100% of the producing Pinargozu high-grade zinc mine. Horzum AS sells directly to zinc smelters and or refiners through commodity brokers from its mine site in Turkiye. It also holds a 51% interest, with an option to increase to an 80% interest of a high-grade zinc exploration project, the Gunman Project, located in Nevada. Pinargozu is located about 28 kilometers (km) north of Kozan, Turkiye in the eastern part of the Taurus Mountain range. The Gunman Project is centered on a high-grade zinc concentration near the Bald Mountain gold mine. Its Akkaya property is located 1.5 km north of the Pinargozu Mine on the Horzum Zinc Trend (HZT), a known northeast trending zinc mineralized belt of carbonate-dominated sedimentary rocks in Adana.


CSE:PSE - Post by User

Bullboard Posts
Comment by GoldenDreamson Oct 03, 2017 6:31pm
104 Views
Post# 26772872

RE:Zinc @1.51

RE:Zinc @1.51.50 would be awesome. I must admit that when I first invested in PSE in anticipation of these higher zinc prices I expected that we would be at a higher share price by now. We are actually profitable, earnings for last quarter and this quarter should be pretty good. I hope that once the resource estimate is release they also announce a major drilling program to expand the resource. If the resource extends out as big as what the company hopes it will, that is when we will see the big money come in. Maybe in a couple of years we will get some kind of dividend. Management has said in the past that the board is open to discussing the issuing of a special dividend.

GD
Bullboard Posts