PXG 0.00% 15.0¢ phoenix gold limited

Horsa, anyone who finance this project would require PCG to...

  1. 55 Posts.
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    Horsa, anyone who finance this project would require PCG to hedge their production so the POG fall during the construction won't be a major issue unless the POG drop is held for a sustained period of time.

    At sustained POG at $900 means pretty much that the world does not want to see new gold getting to the system and most miners won't be able to hedge at that price either as all-in cash cost of the average miner is believed to be around $1300.

    But when we see the record sales of American Eagle and at Perth Mint this year, I'm inclined to conclude the demands are there. A few people around me like my brother who have accepted the whole finance system for granted all his life, recently started to questions on the essence of money itself.

    So I'm taking a calculated bet that the price has bottomed and it will slowly creep higher and PXG along with others will benefit greatly.



 
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