PEX.V is still, incredibly, way under the radar at 0.19/share
A market cap of $3.7M and Fiore Group officially on board as investors and advisors. Really?
PEX.V Revisited - I featured Pacific Ridge on May 9th at 0.15/share and I feel it’s an important time to revisit this beautifully developing story as the stock gets closer to breaking the 0.20 barrier.
It’s gotten even more interesting.
The crowd has all but forgotten this important bit of news released on February 18:
Pacific Ridge Plans to Drill RDP Copper-Gold Project Which Returned 107.2 metres of 1.39% Copper Equivalent or 2.06 g/t Gold Equivalent Within 497.2 metres of 0.66% Copper Equivalent or 0.97 g/t Gold Equivalent in an Earlier Drill Program
PEX is adjacent to AHR’s big discovery hole which was struck in January sending AHR soaring 400%, and is still trading with a market cap of nearly $150 million CAD.
It gets better.
On June 5th the company made the following, in my opinion, blockbuster announcement which, again, has gone largely unnoticed by retail investors:
PACIFIC RIDGE PARTNERS WITH FIORE GROUP; NEW STRATEGIC ADVISORS;
"It is extremely gratifying that one of the mining industry's leading management groups recognized Pacific Ridge's potential and invested in the recently closed financing," said Blaine Monaghan, president and chief executive officer of Pacific Ridge. "I'm confident that this partnership will unleash the company's potential and maximize shareholder value."
Strategic advisers
Pacific Ridge is also pleased to announce the appointment of Rob McLeod and Ryan Weymark as strategic advisers to the company. Mr. McLeod and Mr. Weymark will be focused on new opportunities that can drive shareholder growth.
About Rob McLeod
Born and raised in the mining town of Stewart, B.C., Mr. McLeod is a geologist, third-generation miner and entrepreneur. With 30 years of diverse experience for major and junior mining companies in a variety of metallogenic environments and mineral deposit types, primarily in British Columbia, Alaska, Yukon, Nunavut, Ontario and Nevada. As chief executive officer and vice-president, exploration, he has led many successful explorers and development companies such as IDM Mining and Underworld Resources.
Mr. McLeod is a lead technical adviser to the Fiore Group, CEO of Nations Royalty Inc., director of Dolly Varden Silver and Nexgold, as well as adviser to West Red Lake Gold Mines. An active mining industry volunteer, he is a past chair of AMEBC and serves on the board of the Britannia Mine Museum.
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I believe it’s time to start taking PEX.V far more seriously given they have just raised $3 million, while onboarding Fiore Group as investors and advisors.
You’ve been put on notice. We’ll see you at 0.40 this summer.
Disclaimer: I do Not receive compensation to write about companies featured here.
Rare to find anyone talking about PEX. I was in it early 2020s when it was good. Sold it and bought back in at what I thought was low last year, now it's lower. Was looking at re-establishing a position.
It's initial drill holes were huge.