the next few months for phoenix, page-2

but you think if the gold price stays above AUD$1350 and goes up to even AUD$1550 between now and the next 3yrs, PXG stock can get back to around 25c-35c mark? is this is your view pretty realistic from everything we now know?
thanks.

I have done some VERY rough calculations, in the next few months PXG will probably have around 350million shares on issue.

SAy in a 2-3yrs when castle hill is in full production, PXG will get 100,000oz/yr, all in costs of AUD$1000, selling at $1400 ($400/oz profit)


total revenue would be $140million/yr

PXG will be making $40million before tax profit right?


im guessing EPS would be about 12c/share

At $1 stock price gives us a PE of about 8

at $1.20 stock price give us a PE of 10

that's very realistic isn't it?

all we have to do is hope POG stays around AUD$1400+