PXG 0.00% 15.0¢ phoenix gold limited

From the email sent out from Jon Price for those that don't...

  1. 470 Posts.
    From the email sent out from Jon Price for those that don't already subscribe to the emails....

    "All in all, a very busy 2012 with Resource growth to our target +2.5Moz, maiden Reserve of +500koz, +5 year mine plan to allow us to press the button on a major development path by Dec2012. To self fund this work is the aim from jun qtr onwards is the goal."

    From this IMO additional CR's will be limited, so I'd expect PXGOA's to be well in the money. With a Dec 2012 decision, and unless they find a one-legged spotted frog, a mine should be up an running by mid 2014 at the latest.
 
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