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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 Tinmannon Nov 16, 2006 10:55am
126 Views
Post# 11692822

RE: Question

RE: QuestionYes, they are and yes it does. That's the thing... before this monster discovery at La Creciente, PSE was undervalued IMO. They produce around 2500 bopd (net to PSE) of high net back crude right now. They have low-risk recompletion and infill drilling plans to expand that 2500 bopd further. It's all cash flow and it's all good IMO. Those who have done their serious DD will see that current levels are a very attractive entry point and that any weakness in the share price should be viewed as a "gift" of a buying opportunity. JMHO.
Bullboard Posts