don't know but the key is that they have started. A lot of investors initially invested in PNX due to Yorke Peninsula. Leigh Creek was a revenue generator to pay the bills but Yorke Peninsula was for the blue sky.
Obviously Leigh Creek hasn't worked out but management have always been upbeat on Yorke Peninsula, with initial surveys showing great promise!
Not much downside when you have a A$8M-$8.5M company with $3.5-$4.0M in cash and big land acreages...
PNX Price at posting:
5.4¢ Sentiment: ST Buy Disclosure: Held
