Ann: Phoenix Advises REJECT Evolution's Takeover Offer, page-92

I certainly wouldn't be getting too Greedy here PXG doesn't exactly make a profit or have any chance of doing so for quite some time ...also the Gold resource/reserves have yet be mined profitable ..

Current market value $64mill + for 1.2moz Gold reserves est and some very prospective leases

Compare that to the likes of -PRU.asx major gold producer est . EV-80mill 2moz gold reserves low AISC next 5 years est average 300koz pa major exploration upside...