So to do a roughie comparison lets compare PXG to a company with a similar size JORC Au resource such as AZM (Azimah)
(Note: all Jorc in Mills Tonnes)
PXR
AZM
Inferred:
12.93 @ 1.7g/t
8.5 @ 1.9g/t
Indicated:
3.89 @ 1.6g/t
9.4 @ 2.1g/t
Measured
None
0.67 @ 2.7g/t
Total Jorc
17.49 @ 1.7g/t
17.9 @ 2.0g/t
-
Contained AU (in oz)
933k oz Au
1,116k oz Au
-
Cash (in Mills)
AU$5.1
AU$33
-
Market Cap - Undiluted
Au $10.2m
Au $178.8m
Now granted the AZM resource is more highly rated at Jorc Indicated/Measured and they are further down the path to production but... 17 x the Mcap ?? You have to ask the question....
All Is IMHO. DYOR to confirm the above.
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