I honestly do not think Zijin will take over PXG at this stage, the gold market will be volatile. I think when PXG falls to depressed prices, thats why they will come and take over it..........
And if PXG continue to expand Gold reserves and announces solid profits from Qtr ramp up production ......?? ....PXG plan is to become a 100koz+ p.a producer ...everything they have done to date as a explorer has be top notch ..can't see them not continuing on the right path to 50-60mill+ EBIT p.a for the next 11-12yrs+ (at current Gold price)
Now would Zijin want to wait ? PXG has risen 50% from there first major purchase ..only recently if they sit on their hands PXG may well be trading another 3-4c higher by this time next month..
Gold is moving ,,the sector has turned
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