yes the chances for a goldie to get into production (Own plant and not toll treatment) are very low.
Choose the ones with a clear path to production.. not the ones that just drill and live off investor funds.
I prefer to jump in once their plan to production is clearly defined with the funds available.
Sure i only make a 5 bagger instead of a 10 bagger but its hell a lot de-risked.
PXG looks like a good takeover target/good management.
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