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.
re: Ann: Phoenix to stage development project... It is pretty...
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