RE: $77m Equity vs $1.6m Mcap.... Cash $5m......15 Jan 2026 10:08
Repost for any new joiners and this was just a quick bit of research…
Share price has crashed and at historical lows , minerals still in the ground. They have reduced costs and reduced losses . There is huge upside if things go right , the hammering of sp comes from regulatory & production issues in indo.
They mine zircon and other valuable minerals. US$1,720–1,820 per tonne Expected going forward.
Has two main mines, from ChatGPT…
1. Mandiri Deposit
• This is PYX’s primary mining operation and has been in production since 2015.
• It’s a large open-pit mineral sands deposit in Central Kalimantan, Indonesia. 
2. Tisma Deposit
• This is a second mineral sands project, also in Central Kalimantan.
• PYX acquired it to expand its resource base and future production potential.
If they can clear the regulatory issues :
Before recent regulatory issues, PYX had licenses allowing Mandiri to extract/process up to ~94,000 tonnes of minerals per year (including zircon, ilmenite, rutile)
94000 tonnes at 2025 prices is rough estimate
≈ US$76 million – US$80 million worth of product (Per year)
That’s just in relation to the mandiri mine.