PXX 0.00% 1.4¢ polarx limited

Ann: Caribou Dome Option Exercised, page-3

  1. 128 Posts.
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    An updated scoping study will be fascinating, given an expected increase in the resource, and the recent increases in copper and gold prices. Page 9 of the presentation dated 1 Feb 2024 might give us a clue. The target NPV, based on Cu @ $US8500/t and Au @ $US1900 is $A859M. This NPV may well be achievable.

    I assume PXX's current enterprise value is around $A18M, of which say $A14M is ascribed to Alaska. That is to say, the possible NPV is around 60 times higher than the current enterprise value. Definitely PXX is a good punt in my view!!
 
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