PXG 0.00% 15.0¢ phoenix gold limited

Ann: Quarterly Activities Report 31 March 2012 , page-9

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    re: Ann: Quarterly Activities Report 31 March... colquhoun - I agree the toll treatment is important, however at the current cashburn we still have 3 quarters until we need the money.

    The issue will be waiting for a window of opportunity to toll treat PXG's ore, as mills will only accept a parcel if there is a shortfall in their production or stockpiles.
 
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