PXG phoenix gold limited
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When I saw the latest upgrade increasing resource to 2.52moz, I...

  1. hercules007
    4,542 Posts.
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    09/12/12
    14:39
    Post #: 11165473
    When I saw the latest upgrade increasing resource to 2.52moz, I paid particular attention to grades. To my satisfaction, overall grade stayed at 1.7g/ton.

    One small detail I noticed: the Castle Hill resource used to be quoted at 1.5g/ton, but the latest upgrade quoted 1.6g/ton.

    Very small increase, and maybe it does not mean anything.

    yet, if it was the other way around, say increased resource ounce quoted at 1.4g/ton, I am sure we'll get a negative response?

    Guys/gals any comments welcome.
    PXG Price at posting: 34.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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