PXX 8.33% 1.3¢ polarx limited

Well done, PolarX

  1. 163 Posts.
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    The Polarx announcement on the 3rd delivered everything I was hoping for. Key takeaways:

    1. Most holes visibly mineralised at Zackly, broad intervals and open along strike and at depth.
    2. Indictors of a porphyry sitting under the system. ++++
    3. 35km of highly prospective, contiguous tenure which is staggeringly under-explored.

    Located in a pro-mining, low sovereign risk jurisdiction (see recent Pebble Creek dynamics in particular ...) and with excellent infrastructure I struggle to see how PXX won't deliver multiple-X return on its current share price even if it were to deliver only moderate ongoing success. Everything points to a far better outcome than that; watch for a steady delivery of results from recent work over the next few months.

    A congratulations to both CYY and Vista for conceiving and delivering a merger of assets that has the genuine potential to become a major precious and base metal producer in coming years.
 
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