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15.0¢ phoenix gold limited

Time for 15.5c breakout today ? So undervalued at these aus$gold...

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tonali

168 Posts.

8

23/01/15

09:40

Post #: 14628221
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Originally posted by sydneysider ↑

Gold in A$ now at A$1,605 per ounce. On a weekly chart volumes for current week are highest since commencement of 2011 (and we have one day left to go) and at that time PXG was trading $0.25 - $0.30. Since that time PXG has added almost 4M ounces to its resource base. In production PXG EV should be north of $30 per ounce / $120M with current market cap at $58M. So true valuation is +$0.28 per share (at this time). As gold price soars and PCG ramps up production the EV will soar much higher than $30 per ounce to +$0.50 per share.

PXG has attracted NGF as a 10% shareholder and JV partner and IMHO will attract other investors (with deep pockets) who will take a position here. PXG has additional and very significant exploration upside to add additional upside.

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Time for 15.5c breakout today ?
So undervalued at these aus$gold prices.
Be a good day I think, on higher volume.

cheers all, no waiting on pullback now !!

Tonali

PXG Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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