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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

Comment by Spikearoo1on Mar 21, 2018 10:47pm
178 Views
Post# 27758418

RE:This company

RE:This company
Its ok...but look at TSN.V...even better play on Zinc.  Also has a excellent silver and gold along with the high grade Zinc / Lead concentrate that they are mining.  Further, they are in production now and building their 2nd mine which will be in production end of year.  they will have 2 producing mines by end of 2018.  CEO says that it is very reasonable that they will have around $40 million US profit in 2018 from current operation which will only increase in 2019.  Further, they are very likely taking cash flow to fund further acquitsitions and a 2018 drilling program on their existing properties. Very unnoticed company trading at reasonable valuation.  Anyhow do your own research and GLTA.
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