PXG 0.00% 15.0¢ phoenix gold limited

60 cps by year end, page-10

  1. 3,351 Posts.
    Let me get this straight....

    So your opinion is based on the fact that because this is a spin-off from CAZ, it will need a big gold hit to get to 60cps?

    Are you for real?...Pray tell, how much of a 'true width' gold intercept does the company need to rerate. Perhaps 977,000 ounces of JORC compliant [indicated and inferred] is not enough...

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    Hmm...let's look at another exploratory gold firm on the ASX with similar resource numbers [and this is factual];

    Burey Gold - At 0.2g/t cutoff, 1.07 million ounces [Market cap = $73.4 million

    Here we have another firm with no resource estimate at all...Frontier resources that is valued at $62.3 million [does have good historic intercepts though].

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