XAO 0.99% 8,153.7 all ordinaries

Short Term Trading Weekend Lounge: 7-10 June, page-11

  1. 11,908 Posts.
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    PXX

    an exciting junior with porphyry targets in Alaska
    had a big run a few years back and runs each northern summer

    has had encouraging results at Zackly over the time
    own a 35km trend with multiple targets

    Lundin Mining has just bought 14% at 8c for $4.3m and paying U.S $20m to PXX over 3 years for 51% of select projects Excluding Zackly which remains 100% PXX.
    the initial $4.3m will be used to explore this year and the JV will start in January 2020

    a 1 for 7 Rights Issue at 8c has been initiated this week

    PXX will almost certainly never need another CR upon signing of the JV

    it looks a far better prospect in terms of deposits and targets than most juniors

    https://hotcopper.com.au/data/attachments/1586/1586754-9f8186308e8ec0e4ccf8de1cefaa495e.jpg


    https://hotcopper.com.au/data/attachments/1586/1586758-12a49ade98b8ed14ecb2d6a9e799d929.jpg
 
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