PXG 0.00% 15.0¢ phoenix gold limited

Chookie, My valuation is extremely conservative. The current...

  1. 3,351 Posts.
    Chookie,
    My valuation is extremely conservative. The current share price provides a huge built in safety margin with great upside. PXG is valued below 15 million and has more that a billion dollars of gold in ground! Of course, you have capex and open costs, but a toll treat operation is really cheap and build time is negligible.

    It's projects are situated beside the majors...I am just concerned that it will be taken over by it's adjacent majors when it confirms 1.5 million ounces.

    I am buying the heads....
 
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