PXG 0.00% 15.0¢ phoenix gold limited

feasibility is out... and it is great, page-34

  1. 135 Posts.
    so, the feasibility study IS NOT feasible as they don't have enough resource yet!

    Quote from the ann:

    "The Study shows Catherwood delivers $15.65M in free cash flow, assuming a gold price of A$1,500/ounce, from the treatment of 314,000t of ore at 2.7g/t Au for 27,000 oz mined for 25,300 ounces recovered generating a total cash cost of $881 per recovered ounce including all royalties, capital and operating costs."


    Furthermore the above is confusing.

    what is the capex, royalties and opex out of ("generating a total cash cost of $881 per recovered ounce including all royalties, capital and operating costs.")$881 per ounce?

    ....

    It seems from Jon Price reply, the only option is toll treatment atm - so if they put out feasibility study for toll treatment option it would make more sense, I feel.
 
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