PXG 0.00% 15.0¢ phoenix gold limited

feasibility is out... and it is great, page-33

  1. 995 Posts.
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    Brilliant announcement with over $15M profit being delivered from just one small mining operation with the amount of oz being mined less than 2% of the current JORC. Really gives you an idea of the potential this baby has..

    Technically, there seems to be a lot of supply/resistance around the 25-26c level as it usually gets sold in to when a decent buying position begins to form. A high volume breakout above this price would be a confirmed and well deserved breakout in my opinion. Over the mid and long term that is completely irrelevant because if management keep delivering time after time as they have done then in time we will see multiples of the current SP.

    Cheers, Angin
 
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