From my understanding, PXG preference is to work with EVN to do a deal.
I would say a script and cash deal would be the most likely option.
It was suggested here by a poster that a 10:1 (PXG to EVN) share offering plus a 5c per share cash component? This would value the shares at 17c/s for a total PXG valuation of $80M.
Zijin, in my opinion would offer a cash only deal at a lower price.
Why dont PXG sell castle hill to Zijin and the exploration tenemetns to EVN?
Or EVN might want the whole lot now they know how much money castle hill can generate.
Catsle hill 1 on its own can generate up to 100m free cash flow - let alone the rest of the castle hill land holding.
I am sure all parties are crunching the numbers as we speak
PXG Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
