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Pacific Ridge Exploration Ltd V.PEX

Alternate Symbol(s):  PEXZF

Pacific Ridge Exploration Ltd. is a Canada-based copper-gold exploration company. The Company's British Columbia projects include Kliyul, Redton, RDP, Onjo and Chuchi. The Company's Yukon Projects include Mariposa, Eureka Dome and Gold Cap. The Company owns 100% of the Kliyul copper-gold project, which is over 90 square kilometers (km2) in size and is located in the prolific Quesnel Terrane close to existing infrastructure. Its Redton project is a porphyry Cu-Au property that adjoins Northwest Copper Corporation's Kwanika property along its eastern and northern boundary. Its RDP project is an approximately 3,800 hectares (ha) project lying within the Stikine Terrane, which is host to numerous significant porphyry deposits in northern British Columbia, including Kemess, Red Chris, Kerr - Sulphurets and Galore Creek. Its Onjo project targets gold-copper porphyry deposit. The Orbison project is a reconnaissance porphyry Cu-Au exploration program in central British Columbia.


TSXV:PEX - Post by User

Post by StrikeGoldon Jan 31, 2024 1:04pm
71 Views
Post# 35855228

Trading last couple of days

Trading last couple of daysInteresting trades that don't show up on Stockhouse or my brokerage bid/ask, so assuming increased exposure to multiple exchanges accounts for it.  Pleasantly surprised to get a nice buy filled below the Stockhouse ask today.

Looking at my total exploration stock portfolio where most companies are still struggling to achieve funding for projects this year, to me it's a no brainer to pick up more PEX shares at this level for these reasons:

--Funding should not be a problem for 2024 (of course nobody can foresee unexpected events)
--They have a thesis model for Kliyul which I believe has strong merit, one point of which is higher grades down lower, such as the case with Red Chris. They are planning to drill deeper this year per Blaine.
--Solid management that is well received by the industry.  Gerry Carlson just received AME Frank Woodside Gold Pan Award
--Not just one project, but multiple area projects that may yield several new regional discoveries over the next couple of years, plus possible new acquistions or JV's. 
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