PXG phoenix gold limited
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early cash flow

  1. magix66
    5,334 Posts.
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    29/08/12
    10:23
    Post #: 10638891
    - Haulage and processing commenced from historic stockpiles
    - Ore purchase agreement in place with NGF
    - Ore hauled to NGF's 3Mtpa Paddington mill for processing
    - Stockpiles contain an estimated 130,000 tonnes grading 1.2g/t
    - cash flow generated to fund exploration drilling and conceptual mining studies
    - further stockpiles under evaluation at third party mill

    an easy way to get rid of 'waste' and earn cash to put it simple...

    good forward thinking IMO
    PXG Price at posting: 23.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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