ScottJ, the gold junior is Phoenix Gold [i.e. PXG]. I have purchased a small holding and am still doing my due diligence. It doesn't make sense to have close to 1 million ounces of gold [measured and inferred] and sit at less than 15 million in market cap with an EV of about 10 million! I would advise investors however to ensure that they do their research before putting their money.
Then again, MKO is also sitting at similar levels and we are still to wait for its resource numbers.
The whole sector is not making any sense....
MKO Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
