Im pretty sure if gold holds AUD$1300 (we are at AUD$1350 now) and we start production late 2014 or at worst early 2015 and there are no delays or technical issues with getting castle hill up and running, and we get a resource upgrade or 2, and if they prove all in costs are about AUD$990/oz, im sure eventually the fundermentals will have to spark investors interests, whats happening now is the stock is just getting cheaper, that's what happens in a stock market sometimes a stock gets way overvalued and sometimes stocks are undervalued, that's whats happening to pxg at the moment, a time will come when pxg does trade at closer to normal value (20-25c) and it could become overvalued one day when gold prices start going up again.
We all know pxg isn't going broke because all the announcements have been positive (besides the 13c placement), everything technical is going right, the gold is still in the ground, we have financing, we have a JV partner, management is still doing ok, eventually pxg stock price will reverse the trend, its only a matter of when not if it happens.
PXG Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held