PXG
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0.00% 15.0¢ phoenix gold limited

KinzuThanks for dredging up that old PRU press release.Everyone...

  1. loki01
    11,122 Posts.
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    28/12/13
    16:11
    Post #: 12746574
    Kinzu

    Thanks for dredging up that old PRU press release.

    Everyone who wants to invest in goldies should read it and hopefully learn a lesson or three from the PRU story. Those figures are quite amazing, especially the high IRR at a POG below USD1,000.

    PXG should hold off on developing its ore body until the POG is high enough to provide an IRR of at least 25% after locking in a hedge to cover any loans it may need for mine development.

    loki
    PXG Price at posting: 17.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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