re: Ann: Phoenix to stage development project... The npv already...

re: Ann: Phoenix to stage development project... The npv already suggests that this project is worth over 160 million at todays gold price. That is a 4 bagger from todays market capital.

At a gold price of 1800, the npv will be around 550 million. Of course, the gold price is not going to be static. The most important determinant of success will be the gold price. I am very bullish on gold too and think that in a few years, the gold price will hopefully be above 1800 aud