Phoenix Copper. Share Price (PXC)

"BHP will have to dig deeper for Anglo American’s copper"

https://www.ft.com/content/a2aa1b76-a17f-4953-8e27-48dc05bf5cee

"Mining Giant BHP Bets on Copper With $39 Billion Bid for Anglo American"

https://www.investopedia.com/slug-placeholdermining-giant-bhp-bets-on-copper-with-usd39-billion-bid-for-anglo-american-8638762

"BHP-Anglo American potential merger: It’s all about copper"

https://www.mining.com/bhp-anglo-american-potential-merger-its-all-about-copper/

PFS now due any day, will put PXC firmly in the spotlight. IMO bonds will come in quick succession, and PXC will tick all the boxes...

PFS ✅️

Bond Issue ✅️

Permit for Empire - told no problem, an existing mine in a mining town ✅️

Product = Copper/Gold/Silver, all flying ✅️

Jurisdiction - Idaho, USA, one of the best Mining jurisdictions in the world ✅️

BOD/Staff - Made permanent moves with families to Idaho ✅️

Equipment- Already purchased and committed $1m+ on its way ✅️

Prospects - Huge huge Porphyry to discover. Only 1% explored to date, so potential in years to come is huge ✅️

At close to all time lows here, only way is up, smart money loading up right now.

Last time Copper Price hovering at today's price, PXC was comfortably over 50p!! And was 38p in anticipation of bonds just a few months back, many simply don't realise when PXC moves, it will move fast, free float is very small. Quite a unique situation.

DYOR

They will produce but atm imo they need a finance bridge, get a few million away in equity which really is no big deal, only 15% dilution at 11.5p again whilst the sp is up. That’ll see them over the repayments until the bonds then permits clear. The market may actually react positively to the removal of some uncertainty.

Usual caveats

Trek

Anyone like to predict when they might actually produce something to sell. Are the 2nd hand Ball Mills still awaiting transit ? BW

Hopefully crossed the 14p barrier for good!

Thanks Plutus, very useful macro background.

"As the major mining companies search for the next significant deposit, they must look to acquisitions to remain a major producer meeting near term demand," he said.

Interesting and fast moving dynamics, could alter timeline/ PXC strategic intent - closer partnering with Bond supplier changing terms of the deal?

Bond advances the feasibility of the project towards earlier sale - as high reserves/ substantial upside, onshore USA pro mining jurisdiction , low tax, infrastructure in place, access to market and labour... excellent addition to Majors portfolio.

If Phoenix can ride the tiger and secure fair value then earlier ROI.