PNX 11.1% 0.4¢ pnx metals limited

Gold, silver, zinc, copper, lead !, page-2

  1. 3,141 Posts.
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    On first glance, yep it's a decent report.

    But the price estimates for coming up with the resource equivalent are not a reflection of the current market rates (yes even though those market prices may be manipulated!). Their silver price they used is 20% higher and their gold price is almost 10% higher. I don't follow the prices of the other metals so someone else can fill in the gaps there.

    They based on a 'consensus forecast' for '2017-2021' (see image below)...... that is not the way to present your results. The resource stacks up without sugar coating it with inaccurate measuring tools.... call it as it stands today..... not how it 'would' stand up if the market conditions change.

    upload_2017-5-3_1-20-55.png
 
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