Australia's largest stock trading and investment forum Australia's #1 stock forum

PXX

Click for more information

11.1%

0.8¢ polarx limited

Ann: 2024 Scoping Study Alaska Range Copper Gold Project, page-112

First 112 Last

Share
Profile

Follow
johndone

1,697 Posts.

116

09/04/24

10:35

Post #: 73253790
Share

Originally posted by amazongirl: ↑

I would be more focused on what current management HAS achieved in the past 18 months:

1. Increased the resource at Caribou by 260% from surface down to only 300m whilst maintaining the grade at 3.1% copper and upping the confidence level to nearly entirely Measured and Indicated status.

2. Identified a 3km long soil and IP anomaly next to a 5m oz gold mine in Nevada as a screaming drill target. There’s a company-maker there alone.

3. Delivered Northern Star as an investor and inspired them to fully underwrite the recent $5m rights issue for FREE. Unprecedented.

4. Unlocked the copper recoveries at Caribou and DOUBLED its economic value as a result.

5. Delivered THREE scoping studies which moved the dial from A$70m to $625M NPV at a 74% IRR and only 18months payback.

6. Factor in current gold and copper price increases since the last Scoping Study in January and you could likely add another $150m to the NPV.

Expand

So explain why with all those mile stones the SP is sitting at 1.2c-1.3c when a few years ago prior to your points 1-6 the share price was in the teens.

PXX Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

OJC

SPC to merge with Original Juice Co and Nature One Dairy

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 68 more messages in this thread...

First 112 Last

Add PXX (ASX) to my watchlist

(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $19.00M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$13.06K	1.629M

Buyers (Bids)

No.	Vol.	Price($)
10	2028768	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	1710673	2

View Market Depth

No.	Vol.	Price($)
10	2028768	0.008
6	3141986	0.007
5	6398887	0.006
3	2400000	0.005
5	1625000	0.004

Price($)	Vol.	No.
0.009	1710673	2
0.010	3041814	3
0.011	1282533	3
0.012	100000	1
0.013	1200076	6

Last trade - 15.38pm 02/10/2024 (20 minute delay)

PXX (ASX) Chart