RCR’s 12-month share price target for PNX is A$0.025/share. This is based on the expectation of ongoing discovery and a growing resource base in 2021, combined with a continuation of the buoyant gold price environment seen in 2020. We expect Kirkland Lake could either re-start the nearby Cosmo Gold Mine or sell it, which may re-focus on the value of PNX’s ground position surrounding the mine. A key potential catalyst may be exploration results with drilling to kick-off around Fountain Heads, Glencoe and other areas 2Q21. Shallow gold resources could add directly to the near-term production profile. If PNX can repeat some of the previous work which generated multiple visible gold occurrences and good economic widths which can growthe resources rapidly, this can underpin a longer mine life and generate market appreciation for what is a promising development story.
Souce: https://pnxmetals.com.au/wp-content/uploads/2021/02/PNX-RCR-Research-paper.pdf
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Mkt cap ! $29.85M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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16 | 23247250 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 17510626 | 9 |
View Market Depth
No. | Vol. | Price($) |
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15 | 22847250 | 0.004 |
19 | 27475461 | 0.003 |
15 | 55798069 | 0.002 |
16 | 155389878 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 16993764 | 8 |
0.006 | 11392392 | 10 |
0.007 | 24427805 | 13 |
0.008 | 14395890 | 8 |
0.009 | 2628197 | 7 |
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