Pasinex Resources (CSE:PSE) - Zinc Exploration in Turkey

TL;DR

Pacific's Resources CEO discusses the success of their flagship zinc project in Turkey, despite the challenging market conditions, and shares plans for future exploration and funding.

Transcript

hi I'm Steve Williams I'm CEO of Pacific's resources PRC listed on the CSE and we're also cost listed on Frankfurt and yeah I'm looking after this company a flagship project is called pinar Gazoo it's a zinc project in the south of Turkey in the province called a dinner the southeast of Turkey our flagship it panou Gazoo but we've also got other pr... Read More

Key Insights

• ✋ Pacific's Resources has successfully mined and sold high-grade zinc from their flagship project, Pinar Gazoo.
• 🤨 The company has faced challenges in terms of share price and raising capital due to market conditions.
• 😫 Their unique story of starting from scratch and becoming profitable in just three years sets them apart from other junior mining companies.
• 🤘 The CEO is optimistic about the future, with signs of recovery in the zinc market and Glencore's rebound.

Questions & Answers

Q: What has been the key highlight for Pacific's Resources this year?

The key highlight for Pacific's Resources this year has been the successful mining and selling of high-grade zinc from their flagship project, Pinar Gazoo.

Q: What challenges has the company faced in terms of share price and raising capital?

The company has faced challenges with their share price and raising capital due to the general market malaise. However, the CEO is optimistic that this will turn around as they continue to produce high-grade material.

Q: What makes Pacific's Resources unique compared to other junior mining companies?

Pacific's Resources stands out from other junior mining companies due to their rapid progress, starting from acquiring properties to becoming profitable in just three years. Their strong Turkish partnership and favorable infrastructure also contribute to their uniqueness.

Q: What are the company's major objectives for the next year?

The company's major objectives for the next year include focusing on exploration to build zinc resources and increasing the production output of their zinc mine at Pinar Gazoo. Funding this exploration is another key milestone.

Summary & Key Takeaways

• Pacific's Resources has had a great year, with their flagship zinc project in Turkey, Pinar Gazoo, successfully mining and selling high-grade zinc.

• They have faced challenges in terms of share price and raising capital due to the market conditions.

• The company's unique story of starting from scratch and becoming profitable in just three years sets them apart from other junior mining companies.