PXG 0.00% 15.0¢ phoenix gold limited

happy or not impressed ?, page-6

  1. 6,287 Posts.
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    Right well we could look at it like that PXG just lucky they got the land and lucky the drill bits brought up 1.1moz Gold reserves and lucky to have raised funds to continue to explore lucky majors have come on board etc its just so easy right like what is the rate of Explorers to successive producers 100:1 ??

    Self funding with always the goal but it hasn't helped NGF/Zijin major delays or is time wasting on the major toll treatment project that was going provide the bulk of the funds at next to nil costs to PXG ....

    Would it have been better had PXG continued to pump money into the greenfield/kintore toll project ? if it was clear it wasn't working ......

    PXG have a clear forward plan

    1-Zijin Toll treatment
    2-PXG Heap leach lower grades
    3-Explore the Zuleika Shear (discovery monster Higher grade deposits)
 
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Currently unlisted public company.

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