Member Info for MTSparky

No-one knows where the SP is heading short term and I had a wobble last night thinking I was going to have to sell all my shares. Then I thought about where the company is at this time and what they have proved so far plus copper heading for $5+ per lb. Empire is going to earn around £1bn and the ore stretches to Red Star and possible beyond around 6km and then I though fk that !! Imagine if Empire open pit is shortly followed by Red Star production and £1bn becomes £2bn++++ Only 25% of proposed exploration core drilling is complete.

Then there is Navarre Creek to look forward to. Potential world class gold mine. The geologists haven't been wrong yet so all is looking good. PXC could be mining that site for decades to come....;o))) AIMO

Well done fuel ! sellers are just adding to the problem, self inflicted.

The outlook for Copper is so fantastic. A safe pro-mining county. The current SP does look like a gift...;o))

There is something going on in the background me thinks. These small trades that appear, its like we are on some sort of automated system. Someone building a stake in the background? A TR-1 increase holding would be nice to see. Warrants come into play too.

If You look at a cross-section of the site and see what a small proportion the Empire mine is and take that as about $1.5 billion in revenue (if you take the increase in the price of copper into account). Then factor in the fact that Empire system extends all the way up to Red Star and beyond. The $$$ are really starting to stack up….;0))

Since 15th December PXC has announced further PMs discovered at Empire, an increase in the royalty payments to PXC and now further evidence of the PMs at Red Star and beyond. Since the 15th Dec the value of the company has gone down. Oh and copper is at $4.5 v's valuations at $3.6. Something has got to give here, maybe a sell/buy order in play, hopefully the trade volume will catch up with this news...;o))

The company will be banging their head against the wall they’ve announced even more precious metals found Empire and an increase in the royalty payments and the share price still isn’t shifting. I think the EM survey And progress at Red Star and Navarre Creek should refocus the potential of this company.

Sounds good to me too. Lots more to come from PXC. Hopefully that’s it and panic selling is over. Sellers will want back in once we have traction and some buying volume kicks in. FOMO prevails !!
(47/49)

......just to pick up on fears about inflation, interest rates and the effects on gold and silver prices, PXC don't actually start producing these metals until year 4 so 2026. Near term price movements shouldn't really affect PXC. Copper and Zinc are produced years 1-4 so they are the main PM's to watch and copper should just keep going up....;o))

AIMO

.....the MM are willing to take an awful lot of shares in one go which is strange for an AIM minnow in this position. Copper is holding out at $4.4. Let's stay positive !!
(46-48p)

Traders are selling to lock in their gains. Once we bounce we should bounce strong, we just need some traction...;o))

Has anyone spoken to the company?

Down at this level we become what Jesse Livermore called an involuntary investor. Forced to hold long term. But this is a long term play. Short term we have Red Star exploration which we were told could be done through the winter.

Admitting you are wrong is difficult but I don’t think pxc has suddenly become the wrong investment. The SP spiked on ramping by the BoD but on reflection what is Pxc worth at this stage?

There was a late flurry of buying so maybe there are willing buyers out there at this low price. Let’s see what the rest of the week holds for us. …;0)

I don't see inflation as a long term problem and neither is Omicron. Demand is outstripping supply on some goods but this should ease through 2022. Copper is holding up well. I am sure the financing bods will take a long term view on PM prices.

We need a bit of positive news on other assets to give us another boost.

You would think that sub 50p investors would pile in since the SP was 80p in the summer. The US correction is spooking folks I guess. We should bounce back fairly sharply....;o))

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PXC have confirmed drilling at Red Star can proceed through the winter. Interesting Tweet this morning. Three new anomalies found by the EM survey are significantly greater than the original discovery. I believe the original discovery was valued at about £50m from memory. Lets hope we get some news on this soon....;o)) DYOR

SP 51/53

In theory, the next phase of development (6 months) should see quite a healthy increase in PXC valuation. As Empire Open Pit nears production we get financing/Institutional/Strategic investments. We should also get the addition of speculation regarding Red Star, Navarre Creek and deep Sulphides exploration. Double bubble in the summer....;o))

Navarre Creek will likely be the focus of speculation in the spring since it is being compared to Betze Post which produced 44 million oz of gold from 1986 - 2018. Drilling at Navarre Creek to start Spring 2022 subject to more BS excuses.

Near term (weeks) we could have:
- Red Star drilling
- EM survey report
- possibly more sulphide assays
- News from Cobalt belt

PM's look like they are retaining value so all to play for. Breaking £1/sh should be possible IMO subject to PXC fking it up. DYOR.

Have I missed anything?

If an institution were to buy into PXC this is certainly the price they would want to pay. It would be a very nice XMAS present if they did....;o))

Betze Post which is thought to be similar to Navarre Creek produced 44 million oz of gold from 1986 - 2018.