A friend of mine in the game with more knowledge than me did a little digging on PXX and his unbiased opinion is as follows.
Good
1. Looks to have a good geochem signature with a lot of ground for a big deposit
2. It is in a region where giant deposits are found.
Negative
1. Cash flow – they will be chasing their tail (drill - raise money, drill - raise money)
2. It is hard to get traction on the ASX when you deposits are in far Nth Canada
3. The resource at present is small and skinny
A friend of mine in the game with more knowledge than me did a...
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