PXG 0.00% 15.0¢ phoenix gold limited

Here comes Zijin, page-36

  1. 6,287 Posts.
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    Anything below 28c would be a joke ......PXG ramping up gold production successive will see us at that price before the years out and with the AUD gold keeping to its bull trend ..

    28c-30c would value PXG gold reserves round 10% of current AUD gold price less 100mill for CAPEX needed to see a Gold plant producing 120koz p.a .....aka A JOKE

    60c-70c would be a fairer value ...which goes to show you how oversold the sector /PXG is currently ....had we been where we are at present back in 2010-11 when AUD gold was round the same value we would already be over 40c

    It's only a matter of time ....then this forum will be full of "Should have brought more" "can't believe the market response" "why did I sell"
 
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Currently unlisted public company.

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