Ten Reasons for PXC2 Aug 2021 20:00
10 Reasons I’ve significantly increased my PXC position over the last couple of months:
1. Funding ‘cloud’ out the way and could well be the last one ever due to high % profits from 2022.
2. £16m cash & ~£40m FCF in first year of production
3. US based investors have come on board, Cannacord being one.
4. The Board have significant skin in the game.
5. Safe jurisdiction, Idaho USA.
6. Diverse metals which will handle macro headwinds much better than miners with one main metal. PXC have large Copper, Silver, Gold, Cobalt & Zinc resources.
7. Commodity bull run looks to have started and could last for years.
8. PXC will be in Production in 2022.
9. There are multiple mines within PXC. Just one of them (Empire mine) is only 1% explored ??.
10. Drill results to date have been excellent & the resource base is growing exponentially. >$2bn Measured, Indicated & Inferred already.
Great to buy & hold for the long term.
DYOR