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!!
An updated scoping study will be fascinating, given an expected...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.60M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $84.50K | 6.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 460000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1500000 | 1 |
View Market Depth
| Last trade - 15.53pm 21/06/2024 (20 minute delay) ? |
| PXX (ASX) Chart |