PXG 0.00% 15.0¢ phoenix gold limited

Title correction...There are probably lots of posters here who...

  1. 1,771 Posts.
    Title correction...

    There are probably lots of posters here who may have either PIR or PXG or a combo. If you look at the relative comparison between Castle Hill vs Fekola. It's either PXG is extremely undervalued or PIR is overvalued (which I don't think is the case).

    I'm only posting this now because coincidently they both reported mining studies today.

    PXG
    Market Cap:$63 million fully diluted (at 35c)
    Mine Life: 5 years (initial but obvious will expand)
    Capex: $131 million (AUD)
    Ounces per year 131,000
    Pre-tax cash margin: $87 million at ($1600 an ounce)

    PIR
    Market Cap: $598 million fully diluted
    Mine Life: 11 years
    Capex: $298 million (USD)
    Ounces per year 231,000
    Pre-tax cash margin: $145 million at ($1300 an ounce)

    I know PXG is aiming for a smaller operation than PIR but given PXG also has half the capex of PIR, I'm hoping PXG plays a bit of catchup to PIR (albeit PIR has research companies like Diggers and Drillers covering them).

    I have to add BroadDams and an upgrade to Castle Hill may put it on par with the current Fekola project.

    DYOR
    I own PXG and PIR.
 
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