RCR’s 12-month share price target for PNX is A$0.025/share. This is based on the expectation of ongoing discovery and a growing resource base in 2021, combined with a continuation of the buoyant gold price environment seen in 2020. We expect Kirkland Lake could either re-start the nearby Cosmo Gold Mine or sell it, which may re-focus on the value of PNX’s ground position surrounding the mine. A key potential catalyst may be exploration results with drilling to kick-off around Fountain Heads, Glencoe and other areas 2Q21. Shallow gold resources could add directly to the near-term production profile. If PNX can repeat some of the previous work which generated multiple visible gold occurrences and good economic widths which can growthe resources rapidly, this can underpin a longer mine life and generate market appreciation for what is a promising development story.
Souce: https://pnxmetals.com.au/wp-content/uploads/2021/02/PNX-RCR-Research-paper.pdf
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $29.85M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $100 | 20K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 8959492 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 19080864 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8959492 | 0.004 |
23 | 30400107 | 0.003 |
14 | 55103045 | 0.002 |
16 | 155389878 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 19080864 | 10 |
0.006 | 17205596 | 15 |
0.007 | 17751688 | 7 |
0.008 | 2032000 | 6 |
0.009 | 2628197 | 7 |
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