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.
PXG Price at posting:
8.8¢ Sentiment: None Disclosure: Not Held