producer, page-2

Proactive Investors would seem to agree with you on both counts.
This is their analysis from their latest issue.

Analysis
"With a total mineral resource base of 1.385 million ounces of gold, current valuation of Phoenix Gold by the market looks light relative to its peers. Phoenix's gold resources at six projects are within 50 kilometres of Bullant, so there is no shortage of mill feed. With recent tolling announcements, Phoenix is on its way to becoming a short to medium term self-funded explorer."

Cheers

Pictorella