Hard to explain the mc for a company with more than 1m Oz defined and cashed up. Other deals, JVs and massive land holding to boot. It should be trading at 15c atleast IMO. Any decent hits from the current drilling should give it a re-rating.
These guys have done nothing of substance in the past year or so. That perhaps explains the current market sentiment.
PRX Price at posting:
7.0¢ Sentiment: None Disclosure: Held
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