PXG 0.00% 15.0¢ phoenix gold limited

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  1. 5,669 Posts.
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    4m oz of low-grade marginal resources. The heap leach strategy should work, but they wasted a lot of time and money when they should have been aiming for the the zeluka shear.

    Think about it this way: started drilling 3 years ago, and pumped that $20M int0 zeluka shear corridor instead of castle hill and found an orebody like NST's Pegasus: 1m oz @ 11g/t and growing.

    That would have been a smart strategy.

    Now PXG are going to be screwed by the chinese and EVO.

    Watch it unfold.
 
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