Reality check 1,300,000 oz Gold EV less than $10 oz MKT cap say $M18, tailings 19,000 OZ worth $M27.5 say $M10 to process leaves = to market cap. Then lets look at AZM 1,100,000 OZ Mkt cap $M100+ GOR 1,000,000 OZ Mkt cap $M150+ PXG have delivered so far and have only been listed since December. I am adding to my position as I believe Jon Price and team will exceed the 1,500,000 OZ target by the end of 2011. If they don't perform (which I doubt) I will review my position,until they fail to perform they have my full support. I believe that in comparison to other junior gold stocks that this gold stock is grossly undervalued.
PXG Price at posting:
23.2¢ Sentiment: Buy Disclosure: Held
