10 Reasons to like PXC (from Telegram4 Jul 2021 13:12
10 Reasons I’ve significantly increased my PXC position over recent weeks/months:
1. Funding ‘cloud’ out the way and could well be the last one ever due to high % profits from late 2022.
2. £16m cash, ~£50m market cap
3. ~ 1 year payback on Empire Open pit
4. The Board have significant skin in the game & the CFO sees a billion dollar company in time
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 many years.
8. PXC will be in Production in late 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. Big summer drill programme will see this much higher
Great to buy & hold for the long term.
DYOR