PXG 0.00% 15.0¢ phoenix gold limited

Ann: Phoenix to stage development projects after , page-27

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  1. 833 Posts.
    re: Ann: Phoenix to stage development project... It is pretty poor when you have IRR 30% before tax. I have seen projects over 40% IRR in Australia that can't get financed. Example mutiny gold (MYG)


    Just think about it, how much does PXG need to get into production? Give or take 140m? If i were an investor with that kind of money i would just buy an existing producer.


    Might as well invest in something that can get finance at current gold price rather than hoping for gold to go up.
 
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