Exposure29 Jul 2020 11:18
When I go in a new share and believe strongly in it I like to post it in my groups on social media.
This morning I have posted the following thanks to all who I have got the info from your posts
My latest investment is PXC London AIM (Phoenix Global mining or Phoenix Copper) for the following reasons
343k oz of #Gold at $2000= $686m
9.5m oz of #Silver at $24 = $228m
130k tonnes of #Copper at $6400 = $823m
That's 1.8B in resources and counting as only 7 holes from 30 complete so another 23 to go in this phase and even then only 1% of Empire mine would have been explored
Resources rising on every drill, gold silver copper all rising in price (Silver mine news imminent..)
30 June balance sheet
Total assets $15.3m including £2.0m cash
Total liabilities $1.8m including $0.9m borrowing
Mine on the Idaho belt the safest mining area in the world
One of the most undervalued mcap to Resource ratios I've ever come across bearing in mind that copper ALONE would bring in £40m per year nvm gold and silver on top
Current mcap £25M, absolutely nuts!
This is genuinely an absolute must buy at the strongest levels for me hence I've gone big today