PXG 0.00% 15.0¢ phoenix gold limited

re: Ann: Phoenix to stage development project... Kinzu,Read the...

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  1. 453 Posts.
    re: Ann: Phoenix to stage development project... Kinzu,

    Read the announcement carefully.

    Three income streams from production.

    They can toll treat using other mills.
    They can execute agreement with Norton.
    They can build heap leach plant from year 2.

    No more than $40m as stated in announcements.

    Even if norton do not exercise right to mine, PXG have other options.

    Clearly stated in announcements.

    There are options outside of the DFS. The DFS is a base case scenario.

    Do not mislead investors


 
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