I still think PNX is in for a nice ride up.Yes I know everyone has been waiting for a considerable time,but now it looks like things are moving along in a nice fashion. Trades up to 0.9 yesterday and sellers not anxious to sell down shows it is only a matter of time before the PNX share price really gets going. $30m market cap with $6m in cash makes it super cheap and in comparison, by far the best buy. If you look at the silver explorers that are moving now, we will have to wait years before any production or cash flow, whereas I expect Hayes Creek to be the first of the bunch to produce. The silver price is breaking upwards, so why not buy the best and cheapest! No brainer.
PNX Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
