There are probably lots of posters here who may have either PIR or PXG or a combo. If you look at the relative comparison between Castle Hill vs Fekola. It's either PXG is extremely undervalued or PIR is overvalued (which I don't think is the case).
I'm only posting this now because coincidently they both reported mining studies today.
PXG Market Cap:$63 million fully diluted (at 35c) Mine Life: 5 years (initial but obvious will expand) Capex: $131 million (AUD) Ounces per year 131,000 Pre-tax cash margin: $87 million at ($1600 an ounce)
PIR Market Cap: $598 million fully diluted Mine Life: 11 years Capex: $298 million (USD) Ounces per year 231,000 Pre-tax cash margin: $145 million at ($1300 an ounce)
I know PXG is aiming for a smaller operation than PIR but given PXG also has half the capex of PIR, I'm hoping PXG plays a bit of catchup to PIR (albeit PIR has research companies like Diggers and Drillers covering them).
I have to add BroadDams and an upgrade to Castle Hill may put it on par with the current Fekola project.
DYOR I own PXG and PIR.
PXG Price at posting:
33.8¢ Sentiment: LT Buy Disclosure: Held
