Gold in A$ now at A$1,605 per ounce. On a weekly chart volumes for current week are highest since commencement of 2011 (and we have one day left to go) and at that time PXG was trading $0.25 - $0.30. Since that time PXG has added almost 4M ounces to its resource base. In production PXG EV should be north of $30 per ounce / $120M with current market cap at $58M. So true valuation is +$0.28 per share (at this time). As gold price soars and PCG ramps up production the EV will soar much higher than $30 per ounce to +$0.50 per share.
PXG has attracted NGF as a 10% shareholder and JV partner and IMHO will attract other investors (with deep pockets) who will take a position here. PXG has additional and very significant exploration upside to add additional upside.
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