PXG 0.00% 15.0¢ phoenix gold limited

update, page-7

  1. 684 Posts.
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    You guys must be talking the price of the options!

    If PXG hit 4M oz with a slight increase in grade (looks likely) then they have got to be worth $200M MC any day of the week. PIR for example has a JORC resource a tad over 4M oz and the MC has run between 350-600M! Admittedly they have a single resource there in Fekola and its a cracker but we are talking Mali, Africa! There are other explorers who have similar numbers to PXG and look cheap but do they have the team!!??? Their proximity to infrastructure is second to none and explains why we can look at multiple sites as realistic. The plan is in place, we are well informed and the numbers are stacking up.

    A $200M MC is nothing for such credentials and that would put a 72c price tag on each fully paid share - Fully diluted. This year is PXG's year!
 
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