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1.2¢ polarx limited

So explain why with all those mile stones the SP is sitting at...

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johndone

1,610 Posts.

88

09/04/24

10:35

Post #: 73253790
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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.

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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
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(20min delay)
Last 1.2¢		Change -0.001(4.00%)		Mkt cap ! $24.60M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$2.4K	200K

Buyers (Bids)

No.	Vol.	Price($)
5	2380952	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	1373499	3

View Market Depth

No.	Vol.	Price($)
5	2380952	0.012
5	1060445	0.011
7	427099	0.010
3	235000	0.009
2	127500	0.008

Price($)	Vol.	No.
0.013	1373499	3
0.014	5097974	7
0.015	1669634	3
0.016	200000	1
0.017	108882	3

Last trade - 10.06am 22/07/2024 (20 minute delay)

PXX (ASX) Chart