The seasonality creates problems for the early exploration due to water and obvious snow cover issues. Provided PXX has the funds, it can supply groundwater to extend the back end of the season probably to November. It won't be cost-effective to explore Dec to March but it is possible. Better to cap the wells and return on tracks in April however PXX needs to get the permit to open the Denali Hwy early and we haven't been in the position to do that yet. Mining operations in Alaska mine continuously all year. Pogo is a very good example, underground and is situated within a few hills and they have no trouble mining. Fort Knox is open pit just north of Fairbanks and operates all year.
PXX Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
