MrGann, think there are a few errors below, like the annual production rate, as 131k will only come in year four. However PXG is a pretty solid stock, and worthy of people looking at more closely. Had a few articles in the AFR recently, as a takeover target. I think the thing that will really drive them higher is finding more resources obviously and the pog. If both those things happen then there is significant room for a re-rate.
cheers
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