re: Ann: Phoenix to stage development project... some questions...

re: Ann: Phoenix to stage development project... some questions I have regarding latest update.


They say total cash costs will be AUD$989/oz right?

Than why do they say PXG will be profitable down to AUD$1310/oz?

IF, and I mean IF the gold price were to drop BELOW AUD$1310, wouldn't pxg still make a profit and cover all expenses? as the total costs are only AUD$989/oz anyway?

Have I got this all wrong?

What would happen if Gold fell below AUD$1310? would they have to stop operations or what?

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Just wondering why didn't out stock price react more favourably to the news? was the market annoyed that PXG wont go it ALONE? but will move more slowly with Norton, or is there something else the market is waiting for before PXG starts climbing again?

thanks guys.