KMC PXG

re: Ann: KMC: Ore Treatment MoU Signed with P... Any deal that...

  1. Alex999
    3,827 Posts.
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    13/09/11
    12:08
    Post #: 8952353
    re: Ann: KMC: Ore Treatment MoU Signed with P... Any deal that helps PXG monetize its gold more quickly is a good one.

    KMC have got a ball mill but haven't got a plant yet. KMC are saying it will be fully operational in 12 months time. Maybe this deal with PXG will help KMC prove up the economics of their processing operation to get financing to build it.

    PXG is undervalued at gold $A1200. If gold stays above $A1700, PXG is worth north of $1 ps IMHO.

    PXG Price at posting: 27.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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