PXG NGF

Ann: Castle Hill joint mining study delivers robust results, page-3

  1. sydneysider
    4,835 Posts.
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    21/01/15
    11:20
    Post #: 14615340
    Previous Castle Hill study produced 142,00 ounces of gold. Updated study produces 398,200 ounces for free cash flow of $91.0M at $1,350 per ounce. PXG share is $45.5M over 18 months

    BUT current gold price is A$1,582 per ounce for free cash flow of $183.6M . PXG share is $91.8M and they have 2 other projects going into production. EV is around $10 per ounce on the earlier Castle Hill study so valuation could improve very significantly to the upside. Good luck to all longs
    NGF Price at posting: 19.0¢ Sentiment: Buy Disclosure: Not Held
    PXG Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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