PNX starting to drill out extra gold resources on its upcoming mine. Indicated on the PFS that this mine will be highly profitable. Somebody tell me why this stock is sitting at a market cap of only around $25M when it has $5M in cash, and according to what the company has put out will make a net $276M after costs and tax over ten years, which on average is more than the current market cap each year! Stunningly undervalued.
PNX Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
