PNX 20.0% 0.4¢ pnx metals limited

Good results from the RC holes, looks like the company is...

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    Good results from the RC holes, looks like the company is determined to get into production and will do its mineral resource estimate that will exclude the deeper Tally-Ho Lode at depth, judging by the cross section it would seem that the visible gold lode(s) at depth in Tally Ho would more likely be accessed from underground unless the grades are so extraordinary that they would carry the dilution and expense of a massive pit cutback at some point in the future.

    It does seem a little short sighted that the company does not want to put in at least a few follow up deep diamond holes to follow up that Tally-Ho Lode at depth though. If it is visible gold then the grades will be off the charts, and any follow up drilling demonstrating some continuity in the Tally-Ho Lode at depth would cause a serious re-rating of the share price.
 
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